On October 1, 2023, Vernica purchased a business. Of the purchase price, $140,000 is allocated to a patent and $840,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2023 197 amortization deduction.

On October 1,2023 , Vernica purchased a business. Of the purchase price, $140,000 is allocated to a patent and $840,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2023 197 amortization deduction