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Washington Outlook: CAPITAL WRAPUP
The battle over the tax treatment of intangible assets, such as customer lists, may be resolved soon. The Treasury Dept. and many business groups like a plan by House Ways & Means Committee Chairman Dan Rostenkowski (D-Ill.) to allow intangibles to be written off over 14 years. The General Accounting Office also backs depreciation over a set period. Still unresolved: how to treat the costs of creating goodwill, such as advertising.EDITED BY STAN CROCK