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Drupady [299]
3 years ago
11

Ficus, Inc. began business on March 1 of the current year, and elected to file its income tax return on a calendar-year basis. T

he corporation incurred $800 in organizational expenditures. Assuming the corporation does not elect to expense but chooses to amortize the costs over 180 months, the maximum allowable deduction for amortization of organizational expenditures in the current year is: a.$44.44 b.$800.00 c.$4.44 d.$53.28 e.None of these choices are correct.
Business
1 answer:
Bas_tet [7]3 years ago
8 0

Answer:

a. $44.44

Explanation:

The amortization will be allowed for 10 months in the year (March-December) as the return is filed on a calendar year basis. The deduction allowed per month $4.44 ($800 / 180).

The maximum allowable deduction for amortization of organizational expenditures in the current year is $44.44 ($4.44*10 months).

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Your company is considering two mutually exclusive projects. Project A has an initial cost of $80,000 and generates expected cas
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Answer:

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Explanation:

Explanation can be seen in the file attached.

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3 years ago
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what are the intangible property that is protected by law which an enterpreneur should consider when starting up a business​
Amanda [17]

Answer:

Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.

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8 0
3 years ago
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Answer:

$65,333

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8 0
2 years ago
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