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Albert started his own business in January 2022; he shows you the following expenses incurred during the year. Which of the following expenses are deductible
Albert started his own business in January 2022; he shows you the following expenses incurred during the year. Which of the following expenses are deductible business expenses for Albert?
a) Personal expenses not related to the business.
b) Fines and penalties for breaking the law.
c) Depreciation of all assets.
d) Meals for employees unless they are for business travel or employee events.
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