Question
Phil opened his new tax accounting firm in 2020. His start-up costs were $53,000. What is the amount he can deduct as an immediate start-up
Phil opened his new tax accounting firm in 2020. His start-up costs were $53,000. What is the amount he can deduct as an immediate start-up cost expense?
A)$1,000
B)$2,000
C)$3,000
D)$5,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
