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a) In general, business expenditures that are directly connected to a business activity must meet three overall conditions to be deductible for income tax purposes.

a) In general, business expenditures that are directly connected to a business activity must meet

three overall conditions to be deductible for income tax purposes. Briefly state and define each of

the three conditions. Explain why determining whether an expenditure meets each of the three

conditions is not always an exact science

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