On January 2,2010,Fran Acquires a Business from Chuck

Multiple Choice

On January 2,2010,Fran acquires a business from Chuck.Among the assets purchased are the following intangibles: patent with a 9-year remaining life,a covenant not to compete for 12 years,and goodwill. Of the purchase price,$150,000 was paid for the patent and $48,000 for the covenant.The amount of the excess of the purchase price over the identifiable assets was $87,000.What is the amount of the amortization deduction for 2010?

A) $13,200.
B) $15,800.
C) $19,000.
D) $26,467.
E) None of the above.