Hi Rileyangel, I read your post and felt compelled to answer. I have had head, face, and neck sweating since 2003 or so. I have been a nurse since age 18 and an orthopedic nurse for much of that time. Total knees were common and I have never encountered any patient having sweating of any kind. My CH didn't appear until age 35.
The partnership revalues the assets of the partnership under. Â§ 1.704-1(b)(2)(iv)(f). The AB partnership owns several assets, including Asset 1, a. section 197 intangible. Asset 1 is amortizable in the hands of the partnership.
Although the actual property is a physical asset, the leasehold is only an interest, and therefore it is not a physical asset. A company has the contractual right to use the property for its long-term future benefit. Therefore, a leasehold meets the specifications of an intangible asset.