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7) In 2019, its first year in business, ABC LLC incurred $52,750 in start-up costs. If ABC LLC began business on 15 August 2019, determine

7) In 2019, its first year in business, ABC LLC incurred $52,750 in start-up costs. If ABC LLC began business on 15 August 2019, determine the total cost recovery ABC LLC may deduct with respect to the start-up costs (including any immediate deduction and amortization).

For the tax year 2019

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