Problem 8-16 Intangibles (LO 8.6) 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? Fenctbock Check My Wrork The current tax guidance provides for two main categories of intangibles: (1) Section 197 intangibles and (2) nor recovery of certain intangibles over a fixed period of years. b. What amount can Derek deduct on his 2022 tax return as Section 197 intangible amortization? Use months, not days, in your computations. Round your answer to the nearest dollar