View Single Post
Old 11-03-2007, 08:55 PM   #8
TripletDaddy
Senior Member
 
Join Date: Oct 2007
Location: Orange County, CA
Posts: 9,483
TripletDaddy can only hope to improve
Default

How do you depreciate a sports team? Are you talking about amortizing the associated goodwill? What is the useful life of a sports team?

You can deduct certain aspects of transactions costs associated with the deal (while capitlizing others). Is this what you mean? transaction cost recovery?
__________________
Fitter. Happier. More Productive.

"Everyone is against me. Everyone is fawning for 3D's attention and defending him." -- SeattleUte
TripletDaddy is offline   Reply With Quote