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In the current year, D Inc. had the following expenses: $6,000 interest on a loan used to acquire equipment, $50,000 for scientific research and experimental
In the current year, D Inc. had the following expenses: $6,000 interest on a loan used to acquire equipment, $50,000 for scientific research and experimental development activity, and $70,000 for stock based compensation expense. The interest was accrued in the current year and paid in the following year. Determine the amount that Ds net income for tax purposes will decrease in the current year due to these expenses. Note: Do not place a minus sign in front of the amount.
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