Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. On August 31, 2015, Lynwood Ventures acquired a business.

I am looking for the correct answer to this general accounting problem using valid accounting standards.

On August 31, 2015, Lynwood Ventures acquired a business. Of the purchase price, $240,000 is allocated to a trademark and $1,300,000 to customer lists. What is the 2015 $197 amortization deduction

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