Question 24 1 pts Which can claim full deduction for the loss of securities becoming worthless? Security dealers Non-security dealers Both a and Neither a norc Question 25 1 pts Wagering losses are deductible in full to the extent of capital gains O up to the extent of gains on wagering transactions O are treated as deferred charge subject to amortization over 60 months Question 22 1 pts a capital A taxpayer incurred research and development expenditures which are related to account subject to depreciation. The taxpayer should o claim outright deduction for the research and development expenses. treat the R&D expenses as a deferred expenses and amortize them over 60 months. O treat the R&D expenses as capital expenditures and depreciate them over the useful life of the related asset. o claim them as outright deductions or treat them as deferred charges and amortize them over 10 years. D Question 23 1 pts A taxpayer paid for research and Hevelopment expenses that are not chargeable to capital account. The taxpayer wished to amortize the same over its expected period of benefits. If the R&D is expected to benefit the taxpayer for 6 years, what is the correct amortization period for the R&D expenses? 72 months 60 months 30 months 0 36 months