$($P$-37)$ Derek purchases a small business from Art on September $1,2021.$ He paid the follow

amounts for the business:

a$.$ How much of the $$447,760$ purchase price is for Section $197$ intangible assets?

$

b$.$ What amount can Derek deduct on his $2021$ tax return as Section $197$ intangible

amortization?

If required, round the final answer to the nearest dollar. Use months, not

days, in your computations.

$