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Mark has a great idea for business and investigates his idea. He spends $2,000 for a...

Mark has a great idea for business and investigates his idea. He spends $2,000 for a market survey and $2,200 for a feasibility study. After the investigation, he proceeds to establish the business in Year 1. He also has start-up expenses of $1,500 for pre-opening advertising. The business starts to operate on July 1, Year 1. Can much investigation and start-up expense can he deduct in Year 1?

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Page Not Given data, He spends $ 3000 for market survey and 8,200 for feasibility study Start - up expense Of $ 1500 Μοω, Holtotal start-up costs are $ 50,000 legs. SO mark con deduct the allowable $ 5000 inue stigation and start up expense in year

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