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Ebony Inc. obtained a 25-year mortgage and an operating line of credit from the bank on January 1 of the current year. Ebony paid $5,000

Ebony Inc. obtained a 25-year mortgage and an operating line of credit from the bank on January 1 of the current year. Ebony paid $5,000 in fees to the bank associated with obtaining this financing. What amount is deductible in the current year

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