Egret Corporation, a calendar year C Corp, was formed June 1, 2011, and opened for business on

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Egret Corporation, a calendar year C Corp, was formed June 1, 2011, and opened for business on September 1, 2011.

After its formation, but prior to opening for business, Egret incurred the following expenditures:

Accounting .... $4000

Advertising .... $9500

Employee Payroll . $12000

Rent ....... $9000

Utilities ....... $2000

What is the maximum amount of these expenditures that Egret can deduct in 2011?

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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

Question Posted: Jun 16, 2012 01:10 AM

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Egret Corporation, a calendar year C Corp, was formed June 1, 2011, and opened for business on

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Computation of the Deductable Expenses Note All Amount were ...View the full answer

South Western Federal Taxation 2017 Comprehensive

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