Homework Answers
| The deduction of start up cost and investigation is deducted over the period of 180 months | |||||||||
| In first year a portion of expenses can be deducted which is maximum upto $5000 and it phases out if the expenses reaches $50000 | |||||||||
| and rest over a period of 180 months | |||||||||
| So the total expenses is | 5700 | ||||||||
| 2000+2200+1500 | |||||||||
| Maximum $5000 can be deducted | |||||||||
| Deducted in year 1 is $5000 | |||||||||
| If any doubt please comment | |||||||||
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