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Exercise 8 - 2 6 ( Algorithmic ) ( L 0 . 7 ) On October 1 , 2 0 2 3 , Ver nica

Exercise 8-26(Algorithmic)(L0.7)
On October 1,2023, Vernica purchased a business. Of the purchase price, $170,000 is allocated to a patent and If required, round your intermediate values to nearest dollar and use in subsequent computations.
Calculate Vernica's 2023197 amortization deduction.
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