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On October 1 , 2 0 2 3 , Ver nica purchased a business. Of the purchase price, $ 6 0 , 0 0 0
On October Vernica purchased a business. Of the purchase price, $ is allocated to a patent and $ to goodwill.
If required, round your intermediate values to nearest dollar and use in subsequent computations.
Calculate Vernicas amortization deduction.
$
EX
Exercise L
On March Parscale Company purchases the rights to a mineral interest for $ At that time, the remaining recoverable units in
the mineral interest are estimated to be tons.
If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the
nearest dollar.
If tons are mined and tons are sold this year, calculate Parscale's cost depletion for the year.
EX
Exercise LO
Jebali Company reports gross income of $ and other propertyrelated expenses of $ and uses a depletion rate of
Calculate Jebali's depletion allowance for the current year.
$
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