straight line recovery of intangibles

(1)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.


26 USC § 57(b)(1)

Scoping language

For purposes of paragraph
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