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Delvig [45]
3 years ago
9

Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.

(A) 240(B) 180(C) 120(D) 60
Business
1 answer:
irina1246 [14]3 years ago
8 0

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

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