Black, Inc., acquired another company for $5,000,000. The fair value of all identifiable tangible and intangible assets
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Black, Inc., acquired another company for $5,000,000. The fair value of all identifiable tangible and intangible assets was $4,500,000. Black will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?
a). $12,500
b). $20,000
c). $25,000
d). 0
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