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! Required information [The following information applies to the questions displayed below. Juliette formed a new business to sell sporting goods this year. The business
! Required information [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.) b. She incurred start-up costs of $45,000. Amount of start-up costs immediately expensed c. She incurred start-up costs of $53,500. Amount of start-up costs immediately expensed d. She incurred start-up costs of $63,000. Amount of start-up costs immediately expensed 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 $ $ 2,000 45,000 53,500 63,000 $ $
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