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Business, 30.05.2020 23:04 campilk5

Assume that Bethany acquires a competitor's assets on March 31st. The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a §197 intangible asset). What is Bethany's amortization deduction for the current year? (Round final answer to the nearest whole number.)

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Assume that Bethany acquires a competitor's assets on March 31st. The purchase price was $150,000. O...

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