19. On January 2, 2007, Fran acquires a business from Chuck. Among the assets purchased are the following intangibles: patent with a 12-year remaining life, a covenant not to compete for 10 years, and goodwill. of the purchase price, $120,000 was paid for the patent and $45,000 for the covenant. The amount of the excess of the purchase price over the identifiable the amount of the amortization deduction for 2007? a. $11,000. b. $17,000. c. $13,250 d. $18,500 e None of the above assets was $90,000. What is