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During 2020 you purchased the following assets at the following prices: January 2 nd : 100 shares of Apple, Inc., $12,000 February 1 st :

During 2020 you purchased the following assets at the following prices:

  • January 2nd: 100 shares of Apple, Inc., $12,000
  • February 1st: 500 shares of Startup, Inc., $250,000
  • August 1st: 4% partnership interest in Smart & Smarter, CPAs, $400,000
  • August 1st: Trademark (registration) for "Best Tax Service," your Schedule C tax advisory business for clients that Smart & Smarter wants no part of, $175,000 (including attorney's fees)
  • September 1st: Noncompete / Nondisclosure Agreement with former employee of your Schedule C business, $100,000

Calculate, state, and explain your total 2020 amortization deduction.

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