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

Multiple Choice

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 deduction for the current year? (Round final answer to the nearest whole number.)

A) $0
B) $1,250
C) $1,319
D) $1,389
E) None of the choices are correct.