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Business, 15.10.2019 00:20 keke6361

Blaze operates a restaurant in cleveland. he travels to columbus to investi- gate acquiring a business. he incurs expenses as follows: $1,500 for travel, $2,000 for legal advice, and $3,500 for a market analysis. based on the different tax consequences listed below, describe the circumstances that were involved in blaze’s investigation of the business. a. blaze deducts the $7,000 of expenses. b. blaze cannot deduct any of the $7,000 of expenses. c. blaze deducts $5,000 of the expenses and amortizes the $2,000 balance over a period of 180 months.

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Blaze operates a restaurant in cleveland. he travels to columbus to investi- gate acquiring a busine...
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