Thank you TomYoung.
The purchase was a small amount, $1660, and we are both sole proprietors. We basically just bought a client list from a older man retiring. We don't want to depreciate it, so that's why I thought maybe it would be considered an expense.
I didn't think it fell in with the Amortizable Assets (goodwill, patents, copyrights, etc). and Other Intangible Assets just has a "warning" about being well versed in depreciation.
Does any of this info change your opinion?
