Corporation purchases another corporation. Not subsidiary. Loan taken to pay cash for 1/2 purchase price.Would this be an Intangible asset and amortize it on ProSeries?
Corporation purchases another corporation. Not subsidiary. Loan taken to pay cash for 1/2 purchase price.Would this be an Intangible asset and amortize it on ProSeries?
If a corporation purchases the stock of another corporation, it is not amortizable. If they purchased the assets, there is likely to be some physical assets, but may also be some intangibles, like good will.
If a corporation purchases the stock of another corporation, it is not amortizable. If they purchased the assets, there is likely to be some physical assets, but may also be some intangibles, like good will.
0
Cheers
You are leaving Intuit Accountants Community.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
