Business, 25.10.2019 00:43 Shu11

Ajax computer company is an accrual-method calendar-year taxpayer. ajax has never advertised in the national media prior to this year. in november of this year, however, ajax paid $1 million for television advertising time during a "super" sporting event scheduled to take place in early february of next year. in addition, in november of this year the company paid $500,000 for a one-time advertising blitz during a professional golf tournament in april of next year. what amount of these payments, if any, can ajax deduct this year?

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Ajax computer company is an accrual-method calendar-year taxpayer. ajax has never advertised in the...