(i) taxpayer's acquisition-related interest (as defined in section 612[t][3] of the Tax Law and section 112.13 of this Part) to the extent so deducted; multiplied by

(ii) a fraction:

(a) The numerator of which is the sum of:

(1) in the case of section 112.13(a)(1) of this Part, the taxpayer's, partnership's, estate's, trust's or S corporation's (acquiror's) total cost of any target corporation as described in section 208(15) of the Tax Law (see section 1-2.12 of this Title), or corporations acquired in a corporate acquisition (as defined in section 208[15] of the Tax Law) during the acquiror's taxable year or in the three immediately preceding taxable years; and

(2) in the case of section 112.13(a)(2) of this Part, the value of the assets acquired during the acquiror's taxable year or in the three immediately preceding taxable years, but only if such acquisition took place on or after April 19, 1989.

(b) For purposes of this subparagraph, there shall be included only the cost of target corporations acquired in a taxable year with respect to which none of the conditions set forth in section 112.13(b) of this Part are satisfied and the value of assets acquired in an asset acquisition (see section 112.13[a] of this Part) taking place during such a year.

(c) The denominator of such fraction is the taxpayer's average total debt for the taxable year. (See section 612[b][30]) of the Tax Law.)

(a) The numerator of which is the sum of:

(1) in the case of section 112.13(a)(1) of this Part, the taxpayer's, partnership's, estate's, trust's or S corporation's (acquiror's) total cost of any target corporation as described in section 208(15) of the Tax Law (see section 1-2.12 of this Title), or corporations acquired in a corporate acquisition (as defined in section 208[15] of the Tax Law) during the acquiror's taxable year or in the three immediately preceding taxable years; and

(2) in the case of section 112.13(a)(2) of this Part, the value of the assets acquired during the acquiror's taxable year or in the three immediately preceding taxable years, but only if such acquisition took place on or after April 19, 1989.

(1) in the case of section 112.13(a)(1) of this Part, the taxpayer's, partnership's, estate's, trust's or S corporation's (acquiror's) total cost of any target corporation as described in section 208(15) of the Tax Law (see section 1-2.12 of this Title), or corporations acquired in a corporate acquisition (as defined in section 208[15] of the Tax Law) during the acquiror's taxable year or in the three immediately preceding taxable years; and

(2) in the case of section 112.13(a)(2) of this Part, the value of the assets acquired during the acquiror's taxable year or in the three immediately preceding taxable years, but only if such acquisition took place on or after April 19, 1989.

(b) For purposes of this subparagraph, there shall be included only the cost of target corporations acquired in a taxable year with respect to which none of the conditions set forth in section 112.13(b) of this Part are satisfied and the value of assets acquired in an asset acquisition (see section 112.13[a] of this Part) taking place during such a year.

(c) The denominator of such fraction is the taxpayer's average total debt for the taxable year. (See section 612[b][30]) of the Tax Law.)