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Short Corporation acquired Hathaway, Incorporated, for $27,240,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $24,000,000. Short will amortize any goodwill

Short Corporation acquired Hathaway, Incorporated, for $27,240,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $24,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?

Multiple Choice

$810,000

$3,240,000

$0

$1,620,000

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