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The deductibility of ordinary and necessary business expenses toarrive at taxable income is granted by Sec 162 of the IRC.Sec.263(a) of the IRC requires the

The deductibility of ordinary and necessary business expenses toarrive at taxable income is granted by Sec 162 of the IRC.Sec.263(a) of the IRC requires the capitalization of the costs ofacquiring, 2 answers

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