Ark. Code R. 26-51-428 - 1(c) (1997) - Amortization of Intangibles

For tax years beginning before 01/01/95, Section 167 regarding amortization of intangibles shall apply. For tax years beginning on or after 01/01/95, Section 197 shall apply.

Any differences in Arkansas and federal law concerning the computation of basis must be considered in calculating gain or loss upon disposition of the intangibles.