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[ 10 ] Alma Knack is a calendar-year, cash-basis farmer who grow in lowa. On December 26 of the current year, Alma purchased a 6-month
[ 10 ] Alma Knack is a calendar-year, cash-basis farmer who grow in lowa. On December 26 of the current year, Alma purchased a 6-month supply of fee costing $4,000. At the same time, she also purchased a new hybrid variety of sprin purchased on December 26, Alma may deduct in the current year s corn and raises hogs on a large farm d for the hogs seed costing $1,000 for the 8 planting period. Her other farm expenses for the year were $9,000. Of the feed and seed A. Only $1,000. B. Only $4,000. C. Only $4,500. D. All $5,000
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