On May 5 of the current tax year, Byrne purchased a patent that qualifies as a § 197 intangible. The cost of the patent was $207,000 and Byrne is a calendar-year taxpayer. In the current tax year, how much of the patent's cost may Byrne amortize?
a. $1,150.
b. $4,600.
c. $9,200.
d. $13,800.
e. None of the above.
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