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Calculate Priscilla amortization deduction

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Reference no: EM132657166

Problem - On October 1, 2019, Priscilla purchased a business. Of the purchase price, $60,000 is allocated to a patent and $375,000 is allocated to goodwill. Calculate Priscilla's 2019 § 197 amortization deduction.

Reference no: EM132657166

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