On November $13,$ Underhill, Incorporated, a calendar year taxpayer, purchased a business for a

$$750,000$ lump$-$sum price. The business's balance sheet assets had the following appraised FMV:

Required:

a$.$ What is the cost basis of the goodwill acquired by Underhill on the purchase of this business?

b$.$ Compute Underhill's goodwill amortization deduction for the year of purchase.

c$.$ Assuming a $21$ percent tax rate, compute the deferred tax asset or deferred tax liability $($identify

which$)$ resulting from Underhill's amortization deduction.