Katsura Corporation incurred pre-operating costs: Investigatory expenses of $17,000 New employee training $25,000 Advertising

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Katsura Corporation incurred pre-operating costs:

• Investigatory expenses of $17,000

• New employee training $25,000

• Advertising $10,000

• Land and building for use as a retail store when opened $150,000

Katsura wishes to maximize its deduction for start-up costs. Assuming they open for business on February 27th of the current year, what the deduction for start-up costs?

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:45 AM

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Katsura Corporation incurred pre-operating costs: Investigatory expenses of $17,000 New employee training $25,000 Advertising

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Income Tax Fundamentals 2023

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