Last Year,Green Corporation Incurred the Following Expenditures in the Development

Multiple Choice

Last year,Green Corporation incurred the following expenditures in the development of a new plant process:
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During the current year,benefits from the project began being realized in May.If Green Corporation elects a 60 month deferral and amortization period,determine the amount of the deduction for the current year.

A) $48,000
B) $50,400
C) $54,667
D) $57,067
E) None of the above