Matthew, a Car Dealer in Atlanta, Wants to Open a Restaurant

question 4

Multiple Choice

Matthew, a car dealer in Atlanta, wants to open a restaurant in Miami.He spends $8,000 investigating the location and feasibility of opening the restaurant in 2019, Matthew opens the restaurant in Miami in November and spends an additional $7,000 in start-up costs.In 2019 Matthew can:

• A)Deduct the entire $15,000
• B)Deduct $8,000 with the remaining $7,000 amortized over 15 years
• C)Deduct $5,000 with the remaining $10,000 amortized over 15 years
• D)Only amortize the entire $15,000 over 15 years

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Definitions:

Resolving Phase

A stage in therapeutic or change processes where conflicts or problems are addressed and efforts are made to develop solutions.

Transition

The process or period of changing from one state or condition to another.

Physical Activity Patterns

The habitual levels and types of physical exercise or activity an individual engages in, often assessed for health studies.

Assessment Tools

Instruments or techniques used to evaluate or measure an individual's skills, abilities, or characteristics.