On October $1,2023,$ Ver$$nica purchased a business. Of the purchase price, $$60,000$ is allocated to a patent and $$375,000$ to goodwill.

If required, round your intermediate values to nearest dollar and use in subsequent computations.

Calculate Ver$$nica$\text{'}$s $2023197$ amortization deduction.

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EX$\mathrm{.}08-27$

Exercise $8-27($L$0.8)$

On March $25,$ Parscale Company purchases the rights to a mineral interest for $$8,000,000.$ At that time, the remaining recoverable units in

the mineral interest are estimated to be $500,000$ tons.

If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the

nearest dollar.

If $80,000$ tons are mined and $75,000$ tons are sold this year, calculate Parscale's cost depletion for the year.

EX$\mathrm{.}08-28$

Exercise $8-28($LO$.8)$

Jebali Company reports gross income of $$340,000$ and other property$-$related expenses of $$229,000$ and uses a depletion rate of $14\%.$

Calculate Jebali's depletion allowance for the current year.

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