Question: 34. Match the proper deduction method with the correct expenditures. a. Capitalized and amortized over a number of accounting periods b. Expensed in the period

34. Match the proper deduction method with the correct expenditures. a. Capitalized and amortized over a number of accounting periods b. Expensed in the period incurred c. Not deductible d. Can be capitalized and amortized or deductible depending on the amount of the expenditure Betterment Covenant not to compete for 4 years Fire and casualty insurance premium on business warchouse Hobby loss Illegal gambling operation expenses Investment expenditures related to earning interest from municipal bonds 81

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