Question: On October 1 , 2 0 2 4 , Ver nica purchased a business. Of the purchase price, ( $ 6 0 ,

On October 1,2024, 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 the nearest dollar and use them in subsequent computations.
Calculate Vernica's 2024197 amortization deduction.
On October 1 , 2 0 2 4 , Ver nica purchased a

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