On January 1,2011,Ted Purchased a Small Software Company for $155,000

question 4

Multiple Choice

On January 1,2011,Ted purchased a small software company for $155,000.He paid $95,000 for the fixed assets of the company and $60,000 for goodwill.How much amortization may Ted deduct on his 2011 tax return for the purchased goodwill?

• A)$155,000
• B)$60,000
• C)$95,000
• D)$2,000
• E)$4,000

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Definitions:

Dress

A piece of clothing for women or girls that covers the body and extends down over the legs.

Identification

in psychology, the process whereby an individual assimilates an aspect, property, or attribute of another and is transformed, wholly or partially, by the model the other provides.

Sex-Role Identity

An individual's identification with the cultural expectations and roles associated with their biological sex.

Early Childhood

A critical period in human development spanning from birth to around 8 years old, where fundamental physical, cognitive, emotional, and social development occurs.