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TAX ACCOUNTING ----------------------- Deductible amount Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the
TAX ACCOUNTING ----------------------- Deductible amount
Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) b. Josh purchased a piece of land for $92,000 in order to get a location to expand his business. He also paid $9,900 to construct a new driveway for access to the property.
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