Assets are grouped into five classes under provisions of 338. The method of establishing the value of Class VII, or intangible, assets in the nature of good-will or going concern value is

a.To determine the fair market value by appraisal on election date.

b.To assign 20% of fair market value to intangible assets according to the 20% allocation rule.

c.To assign what remains, after fair market value allocations to the four other classes, to the goodwill or going concern value.

d.All of the above