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On October 1, 2019, Priscilla purchased a business. Of the purchase price, $166,000 is allocated to a patent and $996,000 to goodwill. If required, round

  1. On October 1, 2019, Priscilla purchased a business. Of the purchase price, $166,000 is allocated to a patent and $996,000 to goodwill.
  2. If required, round your intermediate values to nearest dollar and use in subsequent computations.
  3. Calculate Priscilla's 2019 197 amortization deduction.

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