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Derek purchases a small business from Art on August 30, 2022. He paid the following amounts for the business: a. How much of the $240,000

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Derek purchases a small business from Art on August 30, 2022. He paid the following amounts for the business: a. How much of the $240,000 purchase price is for Section 197 intangible assets? b. What amount can Derek deduct on his 2022 tax return as Section 197 intangible amortization

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