Question: On October 1 , 2 0 2 3 , Ver nica purchased a business. Of the purchase price, $ 6 0 , 0 0 0

On October 1,2023, Vernica purchased a business. Of the purchase price, $60,000 is allocated to a patent and $375,000 to goodwill.
If required, round your intermediate values to nearest dollar and use in subsequent computations.
Calculate Vernica's 2023197 amortization deduction.
If an amount is zero, enter "0".
On October 1,2023, Vernica purchased a business. Of the purchase price, $60,000 is allocated to a patent and $375,000 to goodwill.
If required, round your intermediate values to nearest dollar and use in subsequent computations.
Calculate Vernica's 2023197 amortization deduction.

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