Multiple Choice
Xtra Company purchased goodwill from Argus for $96,000. Argus had developed the goodwill over 12 years. How much would Xtra amortize the goodwill for its first year?
A) $7,000
B) $ 8,000
C) Goodwill is not amortized.
D) Not enough information.
Correct Answer:
Verified
Correct Answer:
Verified
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