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Problem 6 - 4 2 ( Algorithmic ) ( LO . 3 ) Henrietta, the owner of a very successful hotel chain in the Southeast,
Problem AlgorithmicLO
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the
Northeast. She incurs $ of expenses associated with this investigation. Based on the regulatory environment for hotels in the city,
she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her
expenses for this are $ She proceeds with opening the restaurant, and it begins operations on May
Determine the amount that Henrietta can deduct in the current year for investigating these two businesses.
In your computations, round the permonth amount to two decimal places then use rounded amount in subsequent
computations. Enter your final answers to the nearest whole dollar.
a The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $
b The deductible amount of investigation expenses related to opening a restaurant: $
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