<span>Ensuring the quality and accuracy of health information. Hope this helps!
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Answer:
c. That business must be related to the taxpayer's present business for any expense ever to be deductible.
Explanation:
If the business is acquired, the expenses may be deducted immediately by a taxpayer engaged in a similar trade or business. The expenses may be deducted regardless of whether the business being investigated is acquired.
29,208 I used a tax calculator
Public good, even though it is a private held good.
Answer:
amount of capitalize related to the patent is $90000
Explanation:
given data
spent = $400,000
patent license = $40,000
defend rights of the patent = $50,000
patent life = 20 years
solution
as we know that development cost of new product idea is an direct expense
so here Legal fee will be incurred for apply patent and successfully defend the patent right is the capitalized asset
so capitalize related to the patent is = $50,000 + $40,000
amount of capitalize related to the patent is $90000
