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Business, 13.11.2019 04:31 alexaguayza6
Blue corporation incurred the following expenses in connection with the development of a new product: salaries $100,000 utilities 18,000 materials 25,000 advertising 5,000 market survey 3,000 depreciation on machine 9,000 blue expects to begin selling the product next year. if blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year. a.$118,000 b.$143,000 c.$160,000 d.$0 e.$152,000
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