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On July 11, 2020, Alex purchased a small software company for $200,000. He paid $120,000 for the fixed assets of the company and $80,000 for
On July 11, 2020, Alex purchased a small software company for $200,000. He paid $120,000 for the fixed assets of the company and $80,000 for goodwill. How much amortization may Alex deduct on his 2020 tax return for the purchased goodwill?
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