Intangible Assets (LO. 10) On April 18, 2019, Petros buys all the assets of Brigid's Muffler Shop. Included in the purchase price of $279,000 is a payment of $20,800 to Brigid not to open a competing shop in the state for a period of 5 years. Brigid's assets at the date of sale are as follows: Asset Adjusted basis Fair Market Value Inventory $8,400 $10,500 Equipment 3,700 29,100 Building 81,600 115,500 Patent 400 17,100 Land 5,500 9,100 The patent is on a special muffler that Brigid developed and patented 5 years ago. Petros would like to know the maximum amount of the deduction he will be allowed on the purchase of Brigid's assets for 2019. Refer to the MACRS Depreciation Tables to answer the following question. Note: Do not round any division. Round other computations to the nearest whole dollar. Assume the equipment has a MACRS recovery period of 7 years and that the full election expense is taken in the year of acquisition. The maximum amount of the deduction Petros will be allowed on the purchase of Brigid's assets for 2019 is $