How does PPA intangibles allocation affect year-1 EPS versus year-3 EPS in a modeling test?

More allocation to finite-lived intangibles increases amortization and depresses EPS, especially in early years. Inventory step-up can hit year 1 only, while customer relationships or technology amortization runs for several years. By year 3, the one-time inventory drag is gone but ongoing intangible amortization remains. Cash EPS often adds back amortization to show underlying cash earnings.