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Business, 20.12.2019 04:31 emma6892

After several profitable years running her business, ingrid decided to acquire the assets of a small competing business. on may 1 of year 1, ingrid acquired the competing business for $300,000. ingrid allocated $50,000 of the purchase price to goodwill. ingrid’s business reports its taxable income on a calendar-year basis. (do not round intermediate calculations. round your answers to the nearest whole dollar amount.)

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