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Required information (The following information apolles to the questions displayed below! After several profitable years running her business, Ingrid decided to acquire the assets of

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Required information (The following information apolles to the questions displayed below! After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business On May 1 of year 1, Ingrid acquired the competing business for $372.000. Ingrid allocated $62.000 of the purchase price to goodwill. Ingrte's business report is taxable income on a calendar year basis. (Do not round intermediate calculations, Round your answers to the nearest whole dollor amount.) b. In lieu of the original facts, assume that Ingrid purchased only a phone list with a useful life of 5 years for $16.000. How much amortization expense on the phone list can Ingrid deduct in year 1 year 2. and year 3? Phone List You 1 amortation ponse Year 2 amortization expense Year 3 amortization expense

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