Realizing that bacon toothpaste probably wasn’t the best invention, Mr. Bacon's business (Bacon Co.) developed a new product – b

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3 years ago

5

Realizing that bacon toothpaste probably wasn’t the best invention, Mr. Bacon's business (Bacon Co.) developed a new product – b

acon-scented sunscreen. Bacon Co. spent 6 months (January 2020 – Sept. 2020) and $10,000 developing the sunscreen. The product launched September 1, 2020, and initially it was a huge success. Bacon-scented sunscreen generated over $600,000 in sales in 2020. Sales tapered off quickly, and the sunscreen only generated sales of $100,000 in 2021. It is anticipated that there will be no bacon-scented sunscreen sales after 2021. What amount of R&E expenditures can Bacon Co. deduct in 2020 if Bacon Co. prefers to accelerate deductions as much as possible?

Business

1 answer:

Jet001 [13] · Answer 1 · 2022-10-19T18:57:09+03:00

Jet001 [13]3 years ago

6 0

200000 in a year is light word jhit