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ll 24.. On January 1, 2020, NEIU Corporation acquires all of the net assets of New Corporation for $2,500,000. The following intangible assets are included

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24.. On January 1, 2020, NEIU Corporation acquires all of the net assets of New Corporation for $2,500,000. The following intangible assets are included in the purchase agreement: Assets Goodwill and going concern value Licenses Patents Covenant not to compete for five years Acquisition Cost $125.000 $ 50,000 $ 75,000 $110,000 What is the total amount of amortization allowed in 2020? A) $15,000 B) $22.000 C) $24,000 D) $36.000

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