Question: Exercise 8-28 (Algorithmie) (LO. 7) On October 1, 2019, Priscilla purchased a business. Of the purchase price, $120,000 is allocated to a patent and $720,000

Exercise 8-28 (Algorithmie) (LO. 7) On October 1, 2019, Priscilla purchased a business. Of the purchase price, $120,000 is allocated to a patent and $720,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Priscilla's 2019 $ 197 amortization deduction. 6,250 x

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