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Start-Up Costs Include Organizational Costs, Such as Legal and State

Question 73

Multiple Choice

Start-up costs include organizational costs, such as legal and state fees incurred to organize a new business entity. These costs should be

A) capitalized and never amortized.
B) capitalized and amortized over 40 years.
C) capitalized and amortized over 5 years.
D) expensed as incurred.

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