Book value.

(ii) Book value. Intangible assets described in 1.897-1(f)(1)(ii) (other than good will and going concern value) may be valued at the amount at which such assets are carried on the financial accounting records of the holder of such assets, provided that such amount is determined in accordance with generally accepted accounting principles applied in the United States. However, this method may not be used with respect to assets acquired by purchase from a related person within the meaning of 1.897-1(i).

Source

26 CFR § 1.897-1


Scoping language

None
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