Your company has just purchased another company for ($ 400,000). The market value of the other company's

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Your company has just purchased another company for $\$ 400,000$. The market value of the other company's net assets is $\$ 325,000$. What is the $\$ 75,000$ excess called? What type of asset is it? What is the maximum period over which its cost is amortized under generally accepted accounting principles?

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