Question: Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2022, Vernica purchased a business, Of the purchase price, $190,000 is allocated to a patent and $1,140,000

Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2022, Vernica purchased a business, Of the purchase price, $190,000 is allocated to a patent and $1,140,000 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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