On January $1,20$x$3,$ Frietas Corporation acquired all the assets and assumed all the liabilities of Bronco Corporation for $$32,620,000.$ At the date of acquisition, the fair value of all Bronco's identifiable net assets was $$31,800,000.$ Frietas will amortize any goodwill over the maximum number of years allowed.

What is the annual amortization of goodwill Freitas will record for this acquisition? $($Hint: Think carefully $-$ this is a somewhat tricky question.$)$On January $1,20$x$3,$ Frietas Corporation acquired all the assets and assumed all the liabilities of Bronco

Corporation for $$32,620,000.$ At the date of acquisition, the fair value of all Bronco's identifiable net assets was

$$31,800,000.$ Frietas will amortize any goodwill over the maximum number of years allowed.

What is the annual amortization of goodwill Freitas will record for this acquisition? $($Hint: Think carefully $-$ this is a

somewhat tricky question.$)$

Multiple Choice

$$820,000.$

$$205,000.$

$$0.$

$$410,000.$