Katsura Corporation incurred pre-operating costs: Investigatory expenses of $18,000 New employee training $25,000 Advertising $10,000 Land...

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Katsura Corporation incurred pre-operating costs: Investigatory expenses of $18,000 New employee training $25,000 Advertising $10,000 Land and building for use as a retail store when opened $150,000 Round your answer to 2 decimal places. Katsura wishes to maximize its deduction for start-up costs. Assuming they open for business on February 27th of the current year, what is the deduction for start-up costs? Katsura Corporation incurred pre-operating costs: Investigatory expenses of $18,000 New employee training $25,000 Advertising $10,000 Land and building for use as a retail store when opened $150,000 Round your answer to 2 decimal places. Katsura wishes to maximize its deduction for start-up costs. Assuming they open for business on February 27th of the current year, what is the deduction for start-up costs?

Answer rating: 100% (QA)

ANSWER To determine the deduction for startup costs we need to identify the costs that qualify as st... View the full answer