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Ski Free Company purchased goodwill from Snowbird for $96,000. Snowbird had developed the goodwill over 12 years. How much would Ski Free Co. amortize as

Ski Free Company purchased goodwill from Snowbird for $96,000. Snowbird had developed the goodwill over 12 years.

How much would Ski Free Co. amortize as Goodwill Expense for its first year?

		$7,000
		$8,000
		Goodwill is not amortized
		Not enough information

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