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QUESTION 82 A corporation incurs $100,000 of start-up costs. If the corporation elects out of amortizing the start-up costs, the $100,000 remains in an

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QUESTION 82 A corporation incurs $100,000 of start-up costs. If the corporation elects out of amortizing the start-up costs, the $100,000 remains in an asset account and reduces the amount realized upon the subsequent sale of all of the corporation's assets. True O False

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