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can you please post an explanation 19) Assume that Jen acquires a competitor's assets on March 31s. The purchase price was $150,000. Of that amount,
can you please post an explanation
19) Assume that Jen acquires a competitor's assets on March 31s. 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 Jen's amortization deduction for the current year? (Round final answer to the nearest whole number.) A. $0 B. $1,319. C. None of the choices are correct. D. $1,389. E. $1,250Step by Step Solution
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