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On October 1, 2022, Vernica purchased a business. Of the purchase price, $130,000 is allocated...

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Accounting

On October 1, 2022, Vernica purchased a business. Of the purchase price, $130,000 is allocated to a patent and $780,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2022 197 amortization deduction.

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