Assume that Bethany acquires a competitor's assets on March 31^st. The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a §197 intangible asset). What is Bethany's amortization expense for the current year, rounded to the nearest whole number? A) $0 B) $1,250 C) $1,319 D)$1,389 E)None of these

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The Answer of Assume that Bethany acquires a competitor's assets on March 31^st. The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a §197 intangible asset). What is Bethany's amortization expense for the current year, rounded to the nearest whole number? A) $0 B) $1,250 C) $1,319 D)$1,389 E)None of these

Assume That Bethany Acquires a Competitor's Assets on March 31st

Assume That Bethany Acquires a Competitor's Assets on March 31^st