Assume that Yuri acquires a competitor's assets on May 1^st. The purchase price was $508,000. Of that amount, $329,000 is allocated to tangible assets and $179,000 is allocated to goodwill (a §197 intangible asset). What is Yuri's amortization deduction for the current year?(Round final answer to the nearest whole number.)

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The Answer of Assume that Yuri acquires a competitor's assets on May 1^st. The purchase price was $508,000. Of that amount, $329,000 is allocated to tangible assets and $179,000 is allocated to goodwill (a §197 intangible asset). What is Yuri's amortization deduction for the current year?(Round final answer to the nearest whole number.)

Assume That Yuri Acquires a Competitor's Assets on May 1st

Assume That Yuri Acquires a Competitor's Assets on May 1^st