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On 15 April 2019, Taxpayer acquired the assets of its competitor for $75,000. Of that...

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Accounting

On 15 April 2019, Taxpayer acquired the assets of its competitor for $75,000. Of that selling price, $39,000 was allocated to fixed assets and the remaining $36,000 was allocated to goodwill. Determine the amount of the amortization Taxpayer may deduct with respect to the acquired goodwill in 2019.

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