On April 1, Kessler Inc., a calendar year corporation, acquired a business for $2.1 million...

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Accounting

On April 1, Kessler Inc., a calendar year corporation, acquired a business for $2.1 million in total. Calculate the cost basis of goodwill Kessler acquired and its amortization deduction for the acquisition year. Assume the following:
\table[[Accounts receivable ?Y,$41,200
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