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Hi-Does anyone know how to do the following: In 2017, Tan Corporation incurred the following expenditures in connection with the development of a new product:
Hi-Does anyone know how to do the following: In 2017, Tan Corporation incurred the following expenditures in connection with the development of a new product: Salaries-60,000 Supplies-20,000 Depreciation on Research Equipment- 10,000 Testing for quality control-5,000 Advertising-8,000 Overhead allocated to research-2,000 Tan began selling the product in November 2017. If Tan elects to amortize research and experimental expenditures, determine Tan's deduction for 2017.
(This is a tax class, so if anyone could help that would be great!!!)
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