Homework Answers
Answer :
Option - A, $133,333
Explanation :
Purchased goodwill can be amortized over 15 years or 180 months, beginning with the month of acquisition.
Hence, SymboNet's amortization deduction related to goodwill for 2020 is
= ($2,000,000 x 1 year) / 15 years
= $133,333
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