19) Assume that Jen acquires a competitor's assets on March 319 The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a $197 intangible asset). What is Jen's amortization deduction for the current year? (Round final answer to the nearest whole number.) A. $0. B. $1,319. C. None of the choices are correct. D. $1,389. E. $1,250. 20) Derik sold a machine to a dealer for $50,600. Derik bought the machine for $54,400 several years ago and has claimed $12,200 of depreciation expense. How much is the amount and what is the character of Derik gain or loss? A. $8,400 capital gain. B. None of the choices are correct. C. $3,800 $1231 loss. D. $8,400 ordinary gain. E. $8,400 $1231 loss. 21) Unrecaptured $1250 gains are taxed at a maximum of 25%. When do they apply? A. When the taxpayer makes an election. B. It applies only when noncorporate taxpayers sell depreciable real estate at a gain. C. It applies when $1245 recapture trumps $1250 recapture. D. It applies only when real property purchased before 1986 is sold at a gain. E. None of the choices are correct