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XYZ, a calendar-year company, opened for business on July 1 of the current year. ABC incurred $52,000 of organizational costs. How much can it deduct

XYZ, a calendar-year company, opened for business on July 1 of the current year. ABC incurred $52,000 of organizational costs. How much can it deduct this year?

Multiple choice question.

$4,633

$6,567

$1,733

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