john budd is the sole shareholder of ral corp., an accrual-basis taxpayer engaged in wholesaling operations. ral’s retained earnings at january 1, 2021, amounted to $1 million. for the year ended december 31, 2021, ral’s book income before federal income tax was $300,000. included in the computation of this $300,000 was the following: amortization of cost of acquiring a perpetual dealer’s franchise (ral paid $48,000 for this franchise on july 1, 2021, and is amortizing it over a 48-month period.) $6,000 what amount is deductible in ral’s 2021 return for purchase of the dealer’s franchise?