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QUESTION 1 DOO Flotation costs: are deducted as a business expense in the year incurred. cannot be deducted as a business expense. are amortized using

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QUESTION 1 DOO Flotation costs: are deducted as a business expense in the year incurred. cannot be deducted as a business expense. are amortized using the straight-line method over the life of the loan. are deducted as a business expense at the time the loan is repaid in full

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