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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 200.46-17.2%3:59 PM EST
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To: brushwud who wrote (21239)12/1/2000 3:24:17 PM
From: GoutamRead Replies (3) of 275872
 
brushwud,

re: <Goodwill is a valid cost of business and is tax-deductible, but must be amortized and written off over many years. Under some circumstances, and according to tax rules I don't understand, some portion of goodwill may be construed as in-process R & D and expensed immediately, kind of like accelerated depreciation. >

Thanks for your input. In 1999, Intel definitely did not deduct goodwill for tax purposes based on the info provided in their 1999 - 10K form. I guess I'll have to wait till 2000 -10K to find out if they started taking tax-deduction for goodwill(amortized) costs this year.

goutama
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