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On January 1, 2021, Alvin purchased a small software company for $240,000. He paid $160,000 for the fixed assets of the company and $80,000 for

On January 1, 2021, Alvin purchased a small software company for $240,000. He paid $160,000 for the fixed assets of the company and $80,000 for goodwill. How much amortization may Alvin deduct on his 2021 tax return for the purchased goodwill

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