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Pitino acquired 9 0 percent of Brey's outstanding shares on January 1 , 2 0 2 2 , in exchange for $ 4 8 6

Pitino acquired 90 percent of Brey's outstanding shares on January 1,2022, in exchange for $486,000 in cash. The subsidiary's stockholders' equity accounts totaled $470,000, and the noncontrolling interest had a fair value of $54,000 on that day. However, a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $45,000. Pitino assigned the rest of the excess fair value over book value to Brey's patented technology (four-year remaining life).
Brey reported net income from its own operations of $80,000 in 2022 and $96,000 in 2023. Brey declared dividends of $27,000 in 2022 and $31,000 in 2023. a. What was the annual amortization resulting from the acquisition-date fair-value allocations?
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