TEX CoWas Incorporated in 2020

question 1

Multiple Choice

TEX Co.was incorporated in 2020.Incorporation costs were $3,500.How much CCA is allowed in 2020 and how much operating expense is allowed in the year? (Round answers to 0 decimal places.)

• A)$38, $3,000
• B)$25, $3,000
• C)$175, $0
• D)$225, $500

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