6.26 Ark. Code R. 51-411(a)

Current through Register Vol. 49, No. 10, October, 2024

Rule 6.26-51-411(a) - Patents and Copyrights

A taxpayer disposing of patents or copyrights by sale should determine the gain or loss arising therefrom by computing the difference between the selling price and the cost or other basis, with property adjustment for depreciation as provided in ACA 26-51-411(d).