Golden Corporation Is an Eligible Small Business for Purposes of the Disabled

question 2

Essay

Golden Corporation is an eligible small business for purposes of the disabled access credit.During the year, Golden makes the following expenditures on a structure originally placed in service in 1988. $$\begin{array} { l r } \text { Removal of architectural barriers } & \$ 8,500 \\\text { Acquired equipment for disabled persons } & 6,250 \\\hline &14,750\end{array}$$ ​
In addition, $8,000 was expended by Golden on a building originally placed in service in the current year to ensure easy accessibility by disabled individuals.Calculate the amount of the disabled access credit available to Golden Corporation.

---

Definitions:

Resemblance

The degree of similarity or likeness between two persons, objects, or concepts.

IQ

Intelligence Quotient, a measure of a person's intellectual abilities in relation to their age group.

Identical Twins

Twins who originate from the same fertilized egg, sharing 100% of their genes, and typically having very similar physical appearances.

Intellectual Development

The growth and change in intellectual capabilities such as learning, problem-solving, and decision-making over a person's lifetime.