Question: THIS QUESTION PERTAINS TO THE YEAR 2023 Exercise 8-26 (Algorithmic) (LO. 7) On October 1,2023 , Vernica purchased a business. Of the purchase price, $132,000

THIS QUESTION PERTAINS TO THE YEAR 2023

Exercise 8-26 (Algorithmic) (LO. 7) On October 1,2023 , Vernica purchased a business. Of the purchase price, $132,000 is allocated to a patent and $792,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2023 197 amortization deduction. X

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