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Grabow Corporation has goodwill of $300,000 as a part of its intangible assets on the balance sheet. Management has determined that this goodwill will be

Grabow Corporation has goodwill of $300,000 as a part of its intangible assets on the balance sheet. Management has determined that this goodwill will be useful to the corporation for 5 years, after which its usefulness is questionable. Journalize the amortization of the goodwill for Grabow Corporation.

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