Suppose the chester company begins to compete through good designs, high awareness and easy accessibility for their existing pro
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Answer:
The correct answer to the following question will be "$5427".
Explanation:
The given expenditures are:
Temporary director's as well as organisational meetings expenditures = $8000
Fee payable to either the incorporation province = $2000
Incident accountants for organisation = $3500
Legal resources and by-laws for writing the company charter = $4300
So that total qualifying expenses will be :
⇒ $17,800
Now,
Deduction regarding section 248 election:
Immediate expensing = $5000
Amortization =
On putting the values in the above formula, we get
⇒ =
⇒ = $
Hence the deduction on election regarding section 248 = $5,427