Question
Sybil is a florist who operates a shop in Daly City. She is considering opening another shop in downtown San Francisco. She spent $30,000
Sybil is a florist who operates a shop in Daly City. She is considering opening another shop in downtown San Francisco. She spent $30,000 on market research to determine demand for flowers in the downtown area. Based on the research, she decides not to open the new location. May she deduct the $30,000? If so, how? Sybil owns a restaurant in Daly City. She is considering opening a flower shop in downtown San Francisco. She spent $30,000 on market research to determine demand for flowers in the downtown area. She opens the flower shop on May 1, 2018. May she deduct the $30,000? If so, how?
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Fundamentals of Corporate Finance
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