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can you answer this question? You said: Devon purchased a small business from Art on March 3 0 , 2 0 2 3 , and
can you answer this question? You said:
Devon purchased a small business from Art on March and paid the following amounts for the business:
Line Item Description Amount
Fixed assets $
Goodwill
Covenant not to compete
Total $
Question Content Area
a How much of the $ purchase price is for Section intangible assets?
fill in the blank of $
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b What amount can Devon deduct on his tax return as Section intangible amortization?
If required, round the final answer to the nearest dollar. Use months, not days, in your computations.
fill in the blank of $
can you use this information to answer this question?
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