After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business. On May $1$ of year $1,$ Ingrid acquired the competing business for $$414,000.$ Ingrid allocated $$69,000$ of the purchase price to goodwill. Ingrid's business reports its taxable income on a calendar$-$year basis.

Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.

Problem $10-71$ Part a $($Algo$)$

a$.$ How much amortization expense on the goodwill can Ingrid deduct in year $1,$ year $2,$ and year $3?$

$\backslash$table$[[,\backslash$table$[[$Deductible Amortization$],[$Expense$]]],[$Year $1,],[$Year $2,],[$Year $3,]]$

Rre.y

$12$

$13$

of $20$

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