Question
Jose, a sole proprietor, opened his new business on May 1, 2021, and had $7,500 in business start-up costs. He will expense $5,000 and amortize
Jose, a sole proprietor, opened his new business on May 1, 2021, and had $7,500 in business start-up costs. He will expense $5,000 and amortize the remainder. What is the amount of his 2021 amortization?
a. $111
b. $167
c. $333
d. $500
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Effective Auditing For Corporates Ensuring That All The Risks Are Covered
Authors: Bloomsbury, Joe Oringel
1st Edition
1849300445, 978-1849300445
