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Petra Company purchased goodwill from Petraco Company for $200,000. Petraco had developed the goodwill over 10 years. How much would Petras amortize the goodwill for
Petra Company purchased goodwill from Petraco Company for $200,000. Petraco had developed the goodwill over 10 years. How much would Petras amortize the goodwill for its first year?
a. | $0 |
b. | $20,000 |
c. | $40,000 |
d. | $200,000 |
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