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How much goodwill amortization should she recognized

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Question - Tocoa had purchased another company 3 years ago. That purchase has been very successful and Tocoa has grown their sales each year. The purchase had included $400,000 of goodwill. Tocoa believes that most of her acquisitions payoff for at least 20 years. How much goodwill amortization should she recognized for this year?

Reference no: EM132595896

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