Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 23rd of the current year, what is the total amount she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number?
A. $52,000.
B. $5,522.
C. $2,555.
D. $3,544.
E. None of the choices are correct.
Answer: D
You might also like to view...
The pricing method that establishes selling prices based on a stipulated rate above total production costs is
A) return on assets pricing. B) target cost pricing. C) gross margin pricing. D) time and materials pricing.
Which of the following does not, by itself, subject a corporation to the reporting requirements of
the Securities Exchange Act of 1934? A) Assets of at least $5,000,000 and more than 500 shareholders B) Making a registered offering under the Securities Act of 1933 C) Sales of a least $1,000,000 and more than 1,000 shareholders D) Equity securities are traded on a national exchange
Data elements can include a customer's name, address, email, discount rate, preferred shipping method, product name, quantity ordered, and so on.
Answer the following statement true (T) or false (F)
The brew master at Appalachian Ale has asked you to help choose between two alternatives for a plant expansion
The first choice is a new brew system that costs $180,000 with annual maintenance costs of $17,000, an expected life of 15 years and a required rate of return of 12%. the alternative brew system costs only $98,000, requires $9,000 per year in maintenance, will last only 9 years and has a required return of 10%. Calculate the equivalent annual cost of each system. Based on your results only, which system would you recommend?