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3. Identify which of the following are allowed to be deducted for tax purposes: Expense Item Allowed Limitations (describe, if (Yes or No) Regs. Provide

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3. Identify which of the following are allowed to be deducted for tax purposes: Expense Item Allowed Limitations (describe, if (Yes or No) Regs. Provide limitation on deductibility) Depreciation on CEO's Personal Vehicle, not for business use. Charitable Contributions Capital Loss from investment Startup Costs Kickback from supplier for entering an exclusive contract for key parts Depreciation on Factory Equipment Salary of CEO, CFO, CRO Business Meals Entertainment

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