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Crane Company acquired Ranger Company for $44496000 cash on August 1, 2026. The fair value of Ranger Company's identifiable tangible and intangible net assets

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Crane Company acquired Ranger Company for $44496000 cash on August 1, 2026. The fair value of Ranger Company's identifiable tangible and intangible net assets was $38352000. Crane will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?

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