Question: View previous attempt 13 ! Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below.) Part 1 of 5





View previous attempt 13 ! Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below.) Part 1 of 5 10 points Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) eBook Hint Print Problem 10-72 Part a (Algo) References a. She incurred start-up costs of $3,400. Amount of start-up costs immediately expensed $ 3,400 View previous attemp 14 ! Required information Part 2 of 5 Problem 10-72 (LO 10-4) (Algo) [The following information applies to the questions displayed below.) 10 points Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) eBook Hint Print References Problem 10-72 Part b (Algo) b. She incurred start-up costs of $43,250. Amount of start-up costs immediately expensed $ 5,000 View previous attempt 15 Part 3 of 5 Required information Problem 10-72 (LO 10-4) (Algo) [The following information applies to the questions displayed below.) 10 points Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) eBook Hint Print References Problem 10-72 Part c (Algo) c. She incurred start-up costs of $52,450. Amount of start-up costs immediately expensed $ 2,550 View previous attempt 16 ! Part 4 of 5 Required information Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below.] 10 points Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) eBook Hint Print References Problem 10-72 Part d (Algo) d. She incurred start-up costs of $63,500. Amount of start-up costs immediately expensed 0 ! Required information 17 Problem 10-72 (LO 10-4) (Algo) (The following information applies to the questions displayed below.) Part 5 of 5 Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) 2.5/10 points awarded Scored Problem 10-72 Part e (Algo) e. How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)? Amount Costs incurred 3,400 $ 5,000 X $ $ 50,000 X (a) (b) (c) (d) $ 43,250 52,450 63,500 $ 2,450 X $ 0
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