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Author Question: Galaxy Corporation purchases specialty software from a software development firm for use in its ... (Read 78 times)

jeatrice

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on: Sep 13, 2020

Question 1

Costs that qualify as research and experimental expenditures include all of the following except
◦ depreciation of laboratory equipment.
◦ management studies.
◦ costs incurred in developing product improvements.
◦ costs of obtaining a patent such as attorney fees.

Question 2

Galaxy Corporation purchases specialty software from a software development firm for use in its business as of January 1 of the current year at a cost of $90,000.  No hardware was acquired.  How much of the cost can Galaxy deduct this year?
◦ $18,000
◦ $15,000
◦ $30,000
◦ $90,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jeatrice on Sep 13, 2020

HandsomeMarc

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jeatrice

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

robbielu01

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Reply 3 on: Yesterday
:D TYSM

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