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Item 28 Moon Company was acquired by Universe Company for P52,000,000. Moon Company's total identified tangible and intangible assets has P48,000,000 fair value. Universe Company

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Item 28 Moon Company was acquired by Universe Company for P52,000,000. Moon Company's total identified tangible and intangible assets has P48,000,000 fair value. Universe Company will amortize any goodwill over the maximum number of years permitted. How much is the yearly goodwill amortization for this purchase

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