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On October 1, 2016, Priscilla purchased a business. Of the purchase price, $60,000 is allocated...

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Accounting

On October 1, 2016, Priscilla purchased a business. Of the purchase price, $60,000 is allocated to a patent and $375,000 to goodwill.

If required, round your intermediate values to nearest dollar and use in subsequent computations.

The 2016 197 amortization deduction is $X

?Please explain how you got your answer. Thank you

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