1 Go SOUTH on ROUTE-1 (Portions toll) passing by Milford, DE toward Rehoboth & Dewey Beaches. 2  Take the LEFT exit for 1A (Rehoboth Beach-Henlopen Acres). 3  1A becomes Rehoboth Avenue and ends at the Boardwalk. 4  Trip time is about 2 hours.
Prior to 2001, companies amortized the goodwill intangible asset by recording an expense on the income statement each year. Goodwill was taken at straight-line amortization over a period of up to 40 years.For example, if Company A purchased Company B for $450,000 (i.e., purchase price) and the book value of Company B was only $400,000, the goodwill intangible asset would be $50,000.The $50,000 asset would be amortized for the same amount each year for up to 40 years.If you assume that Company A decided to amortize the goodwill amount over 40 years, then the amortization expense listed on the income statement is $1,250 annually (i.e., $50,000 divided by 40 years).or example, if Company A purchased Company B for $450,000 (i.e., purchase price) and the book value of Company B was only $400,000, the goodwill intangible asset would be $50,000. The $50,000 asset would be amortized for the same amount each year for up to 40 years.
Divide the start-up or organizational costs by the months in the amortization period, and thatâs how much you can deduct for each month. Multiply that amount by the number of months you were in business for the year, and thatâs the amount you amortize on that yearâs tax return.here are two amortization periods. For expenses you paid or incurred: 1  Before October 23, 2004, you can choose an amortization period of 60 months or more. 2  After October 22, 2004, the cost is amortized over 180 months.