I:10-43 R&E Expenditures. In 2022, Tempe Corporation acquires a new research facility and hires several scientists to
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I:10-43 R&E Expenditures. In 2022, Tempe Corporation acquires a new research facility and hires several scientists to develop new products. Tempe incurs the following expenditures in 2022:
Laboratory materials $ 40,000 Research salaries 80,000 Overhead attributable to the research facility 30,000 R &E equipment placed into service (5-year MACRS recovery period and half-year convention)
100,000 What are Tempe’s 2022 and 2023 deductions for research and experimental (R&E)
expenditures?
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Related Book For
Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023
ISBN: 9780137730391
36th Edition
Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna
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