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Aylmer Inc recently purchased London Inc for $1,000,000. The trucks that were purchased have an expected life of 8 years and a long-term customer contract

Aylmer Inc recently purchased London Inc for $1,000,000. The trucks that were purchased have an expected life of 8 years and a long-term customer contract is expected to last 20 years. Aylmer determined that goodwill amounted to $200,000. How much should the annual amortization of goodwill be?

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