On october 1, 2019, priscilla purchased a business. of the purchase price, $60,000 is allocated to a patent and $375,000 to goodwill. if required, round your answer to the nearest dollar. the 2019 § 197 amortization deduction is:

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income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

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