ABC, Inc. purchases the business assets of XYZ, Inc. for $100,000. The business assets are valued as follows: Asset Machine #1 Machine #2 Computer FMV $30,000 $50,000 $10,000 What is the tax treatment of the $10,000 of purchase price paid in excess of the FMV of the assets purchased? O It is a deductible expense/loss in the year of purchase O It is added to the basis of the purchased assets (allocated based on relative FMV) O It represents Goodwill, which can be amortized over 180 months O It represents Goodwill, which cannot be amortized (instead tested annually for impairment) O It represents a non-deductible/non-recoverable expense