the sole proprietorship that began business May 1 2018 incurred $9000 of start up expenses if...
Homework Answers
Rule: Start up expenses in excess of $ 5,000 is amortized over 180 months.
Business began on May 1, 2018. Number of months it was running in the year 2018 = 8 months
Hence, the amortization amount reported as and other expense on schedule C = (9,000 - 5,000) x 8 / 180 = $ 177.78 (Please do round it off as per your requirement)
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the
sole proprietorship that began business May 1 2018 incurred $9000
of start up expenses if...
a sole proprietorship that began business may 1 2017 incurred $9000 of start up expenses if...
a sole proprietorship that began business may 1 2017 incurred $9000 of start up expenses if the business elects to report the maxium amount of start up costs as a current expense what is the amortization amount reported as an other expense on schedule C
A sole proprietorship that began business May 1, 2017, incurred 8,5000 of start up expenses if...
A sole proprietorship that began business May 1, 2017, incurred 8,5000 of start up expenses if the business elect to report the maximum amount of start-up costs as a current expense, what is the amortization amount reported as an other expense on Schedule C
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On 1st July 2018, Ali Baba decided to open up a sole proprietorship with the following items; Cash RM4500; Inventories RM3300; Delivery van RM20,000; Land and Building RM180000; Loan from Agrobank by the business RM 120000. What was the amount of capital that Ali was putting into the business? Format answer: 54700
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