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On January 1, 2017, Ted purchased a small software company for $200,000. He paid $120,000...

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Accounting

On January 1, 2017, Ted purchased a small software company for $200,000. He paid $120,000 for the fixed assets of the company and $80,000 for goodwill. How much amortization may Ted deduct on his 2017 tax return for the purchased goodwill?

a. $5,750

b. $90,000

c. $6,000

d. $0

e. $5,333

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