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Long Corporation purchased Stoveway, Inc., for $52,000,000. The fair value of all of Stoveway's identifiable tangible and intangible assets was $48,000,000. Long will amortize any

Long Corporation purchased Stoveway, Inc., for $52,000,000. The fair value of all of Stoveway's identifiable tangible and intangible assets was $48,000,000. Long will amortize any goodwill over the maximum number of years allowed. What's the annual amortization of goodwill for this acquisition?

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