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Which of the following tax elections SHOULD be made by a corporation in its initial year of existence assuming it has placed in service depreciable
Which of the following tax elections SHOULD be made by a corporation in its initial year of existence assuming it has placed in service depreciable assets and has incurred organizational costs? Group of answer choices A. Choose a method of accounting (e.g. cash vs. accrual, or other method) B. Adopting a tax year (calendar vs. fiscal) C. Selecting Depreciation Methods D. Electing whether to capitalize or expense Organizational Costs under IRC Sec. 248. E. All of the above (A through D). F. A & B only.
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