amortization

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amortization,

n a generic term that includes various specific practices, such as depreciation, depletion, write-off of intangibles, prepaid expenses, and deferred charges.
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OBRA allows amortization deductions for most intangibles, determined by ratably amortizing an asset's adjusted basis over a 15-year period beginning with the month it was acquired.
It is based on the premise taxpayers should, on a present value basis, recover no more than 50% of an intangible asset's total basis (including goodwill) through amortization.
Taxpayers should consider how likely it is the IRS will allow previous amortization deductions.