Question 5 (10 points) Scott purchases a small business from Lew on March 1, 2015. He paid the following amounts for the business: Land Franchise Goodwill Going concern value Workforce in place $ 100,000 200.000 80,000 50,000 25,000 a. How much of the purchase price is for section 197 intangible assets? b. What amount can Scott deduct on his 2015 tax return as section 197 intangible amortization? 2016 return