Question
Same facts as previous question except Bacon Co. believes that tax rates will be higher in future years and thus wants to defer some of
Same facts as previous question except Bacon Co. believes that tax rates will be higher in future years and thus wants to defer some of their R&E expense deduction until 2020 (but not the entire amount). What amount of R&E expenditures can Bacon Co. deduct in 2019 if Bacon Co. elects to amortize R&E expenditures over the shortest allowable period of time beginning on October 1, 2019 (the month Bacon Co. first sells the sunscreen to generate income)?
What amount of R&E expenditures can Bacon Co. deduct in 2019 if Bacon Co. elects to amortize R&E expenditures over the shortest allowable period of time beginning on October 1, 2019 (the month Bacon Co. first sells the sunscreen to generate income)?
10000 is incorrect
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