straight line recovery of intangibles

(1) In general The term “straight line recovery of intangibles”, when used with respect to intangible drilling and development costs for any well, means (except in the case of an election under paragraph (2)) ratable amortization of such costs over the 120-month period beginning with the month in which production from such well begins.

Source

26 USC § 57(b)(1)

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Scoping language

None identified, default scope is assumed to be the parent (part VI) of this section.

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