Assume that Brittany acquires a competitor's assets on September 30th of year 1 for$350,000. Of that amount, $300,000 is allocated to tangible assets and $50,000 is allocated equally to two §197 intangible assets (goodwill and a 1-year non-competeagreement). Given, that the non-compete agreement expires on September 30th of year 2,what is Brittany's amortization expense for the second year? (Round final answer to the nearest whole number)

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The Answer of Assume that Brittany acquires a competitor's assets on September 30th of year 1 for$350,000. Of that amount, $300,000 is allocated to tangible assets and $50,000 is allocated equally to two §197 intangible assets (goodwill and a 1-year non-competeagreement). Given, that the non-compete agreement expires on September 30th of year 2,what is Brittany's amortization expense for the second year? (Round final answer to the nearest whole number)

Assume That Brittany Acquires a Competitor's Assets on September 30th