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.
An intangible asset is a non-physical asset having a useful life greater than one year. These assets are generally recognized as part of an acquisition, where the acquirer is allowed to assign some portion of the purchase price to acquired intangible assets.