3.4 In 2020, Gabby Inc. purchased all of the assets of Sookie's business. As part of this purchase, Gabby Inc. purchased the following intangible assets: $270,000 for a 5-year agreement in which Sookie cannot compete with Gabby. $720,000 for Goodwill. Gabby plans to be in business for 30 years How much will Gabby Inc. deduct as amortization in 2020 if they commence business on 4/15/20? $49.500 $31.500 $40.500 $58.500 546.750