PTIN Seal

Buying & Selling a Business

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Buying & Selling a Business
  4. How do you allocate the purchase price of a business to various assets?

How do you allocate the purchase price of a business to various assets?

The CPA usually is involved with the allocation of the assets to the purchase price. When a business is acquired, the business being purchased can include various assets including machinery, inventory, fixtures and intangible assets. The allocation of these assets is important because certain assets can be depreciated or written off faster than others.

Need Professional Help?

If you need help with "Buying & Selling a Business" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.