Business, 13.10.2020 03:01 deeanna20

Last year, XYZ Corporation incurred the following expenditures in the development of a new plant process: Salaries $250,000
Materials 90,000
Utilities 20,000
Quality control testing costs 40,000
Management study costs 5,000
Depreciation of equipment 18,000
During the current year, benefits from the project began being realized in May. If XYZ Corporation elects a 60 month deferral and amortization period, determine the amount of the deduction for the current year.

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