How to treat "book of business" take over from one insurer to another

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  • Christel
    Silver Member

    • Feb 2012
    • 361

    #1

    [Question] How to treat "book of business" take over from one insurer to another

    Hello,
    I would like to know how to classify this for tax purposes: one insurer took over the entire book of business from another. We do the financials for the one that took it over. This is seen as an asset. Will it be subjected to depreciation?
    always fear when Christel is near....
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