Question: Exercise 8-26 (Algorithmic) (LO. 7) On October 1,2022 , Vernica purchased a business. Of the purchase price, $76,000 is allocated to a patent and $456,000

Exercise 8-26 (Algorithmic) (LO. 7) On October 1,2022 , Vernica purchased a business. Of the purchase price, $76,000 is allocated to a patent and $456,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2022 197 amortization deduction. $ X Feedback V Check My Work Taxpayers can claim an amortization deduction on intangible assets called "amortizable 197 intangibles

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