How is goodwill amortized for income tax purposes?
A) Straight-line amortization over a 15-year period under the Revenue Reconciliation Act of 1990.
B) Straight-line amortization over a 5-year period under the Revenue Reconciliation Act of 1990.
C) Straight-line amortization over a 15-year period under the Revenue Reconciliation Act of 1993.
D) Straight-line amortization over a 5-year period under the Revenue Reconciliation Act of 1993.
E) It may not be amortized for tax purposes.
Correct Answer:
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