On January 1, 2020, Charlie Corporation acquires all of the net assets of Rocky Corporation for $2,000,000. The following intangible assets are included in the purchase agreement: Assets Acquisition Cost Goodwill $105,000 Licenses $ 45,000 Patents $ 60,000 5 yr covenant not to compete $120,000 What is the total amount of amortization allowed in 2020
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On January 1, 2020, Charlie Corporation acquires all of the net assets of Rocky Corporation for $2,0...
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