Question
In 2020 marci has the following cost associated with starting a new business, Marci officially begins operating her new business on January 5, 2021. What
In 2020 marci has the following cost associated with starting a new business, Marci officially begins operating her new business on January 5, 2021. What is the deduction for Marci's startup cost for 2020?
Advertising:$5,000
Travel $10,000
Market surveys 8,000
Professional services30,000
Interest expenses42,000
Taxes1,000
a.$96,000
b.None of these is correc
c.$43,000
d.$54,000
e.$0
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
