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[The following information applies to the questions displayed below.] Juliette formed a new business to sell sporting goods this year. The business opened its doors
[The following information applies to the questions displayed below.] Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) e. How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)? Costs Incurred Amount $ 2,000 $ EA 45,000 EA $ 53,500 $ EA 63,000
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