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In this research paper, please address each of the following questions. How is taxable income calculated in respect to capitalization of costs? What are the

In this research paper, please address each of the following questions.

How is taxable income calculated in respect to capitalization of costs?

What are the characteristics of an expense for it to be capitalized?

What is the principle behind capitalizing expenses?

Should you capitalize cost for the sole purpose of minimizing the organizations tax burden?

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