Multiple Choice
Orange Corporation begins business on April 2, 2012.The corporation has startup expenditures of $54,000.If Orange Corporation elects § 195, determine the total amount that Orange may deduct in 2012.
A) $1,000.
B) $2,650.
C) $3,650.
D) $5,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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