Question: Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2020, Priscilla purchased a business. Of the purchase price, $140,000 is allocated to a patent and $840,000

Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2020, Priscilla purchased

Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2020, Priscilla purchased a business. Of the purchase price, $140,000 is allocated to a patent and $840,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Priscilla's 2020 $ 197 amortization deduction. X

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