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Snidely Limited spent 1 million this year to upgrade its manufacturing plant, which had rectived sev. eral warnings from the state environmental agency about releasing
Snidely Limited spent million this year to upgrade its manufacturing plant, which had rectived sev. eral warnings from the state environmental agency about releasing pollution into the local river. Late in the year, Snidely received an assessment of $ for violating the state's Clean Water Act. After he negotiated with the state, which cost $ in legal fees, Snidely promised to spend another $ next year for more pollutioncontrol devices, and the fine was reduced to $ How much of these expenditures can Snidely Limited deduct for tax purposes?
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