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Which of the following is untrue about start-up costs? a) The costs must be incurred in the same line of business you are already in

Which of the following is untrue about start-up costs?

a) The costs must be incurred in the same line of business you are already in

b) Amounts not expensed immediately are amortized over 15 years

c) The first $5,000 is potentially deductible in the year business begins.

d) The costs are not deductible if you do not actually start the business.

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