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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?

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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.

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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.

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