straight line recovery of intangibles

(2) Election If the taxpayer elects with respect to the intangible drilling and development costs for any well, the term “straight line recovery of intangibles” means any method which would be permitted for purposes of determining cost depletion with respect to such well and which is selected by the taxpayer for purposes of subsection (a)(2).

Source

26 USC § 57(b)(2)

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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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