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On April 18, 2019, Petros buys all the assets of Brigid’sMuffler Shop. Included in the purchase price of $279,000 is apayment of $21,700 to Brigid not to open a competing shop in thestate for a period of 5 years.Brigid’s assets at the date of sale are as follows:Asset Adjusted basis Fair Market Value Inventory $8,300,$11,600Equipment 3,500, 28,700Building 79,500, 118,400Patent 700, 12,600Land 4,700, 10,500The patent is on a special muffler that Brigid developed andpatented 5 years ago. Petros would like to know the maximum amountof the deduction he will be allowed on the purchase of Brigid’sassets for 2019. Refer to the MACRS Depreciation Tables to answerthe following question.Note: Do not round any division. Round other computations to thenearest whole dollar. Assume the equipment has a MACRS recoveryperiod of 7 years and that the full election expense is taken inthe year of acquisition. The maximum amount of the deduction Petroswill be allowed on the purchase of Brigid's assets for 2019 is $.