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Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below. Juliette formed a new business to sell sporting goods
Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below. Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) Problem 10-72 Part c (Algo) c. She incurred start-up costs of $52,300. Amount of start-up costs immediately expensed Problem 10-72 Part d (Algo) d. She incurred start-up costs of $63,250. Amount of start-up costs immediately expensed Problem 10-72 Part e (Algo) e. How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)? Costs incurred Amount (a) (b) (c) (d) 3,300 43,000 52,300 63,250 Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below. Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) Problem 10-72 Part c (Algo) c. She incurred start-up costs of $52,300. Amount of start-up costs immediately expensed Problem 10-72 Part d (Algo) d. She incurred start-up costs of $63,250. Amount of start-up costs immediately expensed Problem 10-72 Part e (Algo) e. How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)? Costs incurred Amount (a) (b) (c) (d) 3,300 43,000 52,300 63,250
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