Wanda Owns and Operates a Restaurant on the North Side

Multiple Choice

Wanda owns and operates a restaurant on the north side of Cleveland. She is considering opening a second restaurant on the south side of town and incurs $13,600 of investigation expenses. In July of the current year, Wanda decides not to open a second restaurant. How much of the investigation expenses can Wanda deduct in the current year?

A) $- 0 -
B) $5,000
C) $5,120
D) $5,600
E) $13,600