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Bravo Company is electing whether to amortize an expense over a 5 year period or recognize the expense fully in the current year. Which of

Bravo Company is electing whether to amortize an expense over a 5 year period or recognize the expense fully in the current year. Which of the following statements is true of this tax position? This tax position will only impact the current year, regardless of the decision made by Bravo This tax position will only impact the current year if the company decides to amortize the expense The tax position will only impact future years if the company decides to expense the amount in the current year This is a tax position which will impact the current period and the 5 year amortization period, regardless of the decision made by Bravo.

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