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6,600 -15.6 = 6,584 25. On January 1, 2021, Stone Corporation acquires all of the net assets of Pebble Corporation for $2,000,000. The following intangible
6,600 -15.6 = 6,584 25. On January 1, 2021, Stone Corporation acquires all of the net assets of Pebble Corporation for $2,000,000. The following intangible assets are included in the purchase agreement: Assets Goodwill and going concern value Licenses Patents Covenant not to compete for five years Acquisition Cost $105,000 $ 45,000 $ 60,000 $120,000 What is the total amount of amortization allowed in 2021? A) $15,000 B) $22,000 C) $31,000 D) $38,000
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