58. LO.7 Oleander Corporation, a calendar year entity, begins business on March 1, 2013. The corporation has

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58. LO.7 Oleander Corporation, a calendar year entity, begins business on March 1, 2013.

The corporation has startup expenditures of $64,000. If Oleander elects § 195 treatment, determine the total amount of startup expenditures that it may deduct in 2013.

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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