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Author Question: Tory considered opening a cupcake store in Denver. He is not operating a similar business in any ... (Read 58 times)

cdr_15

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Tory considered opening a cupcake store in Denver. He is not operating a similar business in any other location. After spending $8,600 on a market study, he decided against opening the store on August 1. What is the maximum amount of deduction for the current year attributable to this expenditure?
◦ $0
◦ $5,000
◦ $5,600
◦ $6,800


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Marked as best answer by cdr_15 on Sep 13, 2020

Juro

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cdr_15

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


peter

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Reply 3 on: Yesterday
Excellent

 

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