Question: Exercise 8-28 (Algorithmic) (LO. 7) On October 1, 2019, Priscilla purchased a business. Of the purchase price, $142,000 is allocated to a patent and $852,000

Exercise 8-28 (Algorithmic) (LO. 7)

On October 1, 2019, Priscilla purchased a business. Of the purchase price, $142,000 is allocated to a patent and $852,000 to goodwill.

If required, round your intermediate values to nearest dollar and use in subsequent computations.

Calculate Priscillas 2019 197 amortization deduction. $

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