Assume that Nolola acquires a competitor's assets on March 31^st. The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a 197 intangible asset). What is Nolola's amortization deduction for the current year? (Round final answer to the nearest whole number.)

Multiple Choice

• $1,250.

• $1,319.

• $0.

• $1,389.

• None of the choices are correct.