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Required information [The following information applies 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 applies 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 $348,000. Ingrid allocated $58,000 of the purchase price to goodwill. Ingrid's business reports its taxable income on a calendar-year basis. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. a. How much amortization expense on the goodwill can ingrid deduct in year 1 year 2 , and year 3

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