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Business, 07.11.2019 01:31 nooooooooooooooo412

Henrietta, the owner of a very successful hotel chain in the southeast, is exploring the possibility of expanding the chain into a city in the northeast. she incurs $35,000 of expenses associated with this investigation. based on the regulatory environment for hotels in the city, she decides not to expand. during the year, she also investigates opening a restaurant that will be part of a national restaurant chain. her expenses for this are $53,000. she proceeds with opening the restaurant, and it begins operations on september 1. determine the amount that henrietta can deduct in the current year for investigating these two businesses.

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