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Mauve Corporation begins business on April 2, 2020. The corporation reports startup expenditures of $64,000 all incurred last year. Determine the total amount that Mauve

Mauve Corporation begins business on April 2, 2020. The corporation reports startup expenditures of $64,000 all incurred last year. Determine the total amount that Mauve can elect to deduct in 2020.

Group of answer choices

$7,950

$3,200

$4,267

$0

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