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What is the amortization deduction only

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    Assignment ID: FG133135396

    Question – On March 1, 20X1 you purchased a business with the following asset values for $250,000:

    Equipment $175,000

    Goodwill $60,000

    Cash $15,000

    What is the amortization deduction only for 20X1?

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    Asked by: Anonymous
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