Question
SUE WAS CONSIDERING STARTING A NEW BUSINESS. DURING HER PRELIMINARY INVESTIGATION RELATED TO THE NEW VENTURE, SHE INCURRED THE FOLLOWING EXPENDITURES: SALARIES $21,000 TRAVEL 19,000
SUE WAS CONSIDERING STARTING A NEW BUSINESS. DURING HER PRELIMINARY INVESTIGATION RELATED TO THE NEW VENTURE, SHE INCURRED THE FOLLOWING EXPENDITURES:
SALARIES $21,000
TRAVEL 19,000
INTEREST 3,000
PROFESSIONAL FEES 12,500
SUE BEGINS THE BUSINESS ON MAY 1, 2018 AND ELECTS 195 TREATMENT FOR HER STARTUP EXPENDITURES. WHAT IS HER TOTAL AMORTIZATION DEDUCTION FOR STARTUP EXEXPENDITURES IN 2018?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
6th edition
133852105, 978-0133852103
