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Tax Drill - Compute Deduction for Research and Experimental Expenditures Sandstorm Corporation decides to develop a new line of paints. The project begins in 2023. Sandstorm incurs the following expenses in 2023 in connection with the project: Salories: $85,000 Materials: $30,000 Depreciation on equipment: $12,500 The benefits from the project will be realized starting in July 2024 . Sandstorm's amortization deduction for 2023 is 3 and 1 X for 2024