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Jasmine Started a New Business in the Current Year

Question 58

Multiple Choice

Jasmine started a new business in the current year. She incurred $10,000 of start-upcosts. How much of the start-up costs can be immediately expensed (excluding amounts amortized over 180 months) for the year?


A) $5,000
B) $10,000
C) $0
D) $2,500
E) None of the choices are correct.

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