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Peyton is a self-employed certified financial planner and began his business in 2016. During 2016, he purchased a $500 computer and a $250 desk. He
Peyton is a self-employed certified financial planner and began his business in 2016. During 2016, he purchased a $500 computer and a $250 desk. He also paid $6,000 in legal/incorporation fees,and spent $12,000 for a new roof for the office building he owns. Which purchase(s) can he expense in 2016 without limitation? a) computer,desk,legal/incorporation fees,roof b) computer,desk,legal/incorporation fees c) computer and desk d) legal fees/incorporation fees, roof
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