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Willow Creek Company purchased a business from Perdue Company for $48,000 above the fair value of its net assets. Perdue Company had developed the goodwill

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Willow Creek Company purchased a business from Perdue Company for $48,000 above the fair value of its net assets. Perdue Company had developed the goodwill over 6years. How much would Willow Creek Company amortize the goodwill for its first year? Goodwill is not amortized. $8,000 $7,000 not enough information to calculate amortization

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