Oksana Started a LLC on November 2 of the Current

question 33

Essay

Oksana started a LLC on November 2 of the current year. She incurred $47,000 of start-up costs. How much of the start-up costs can be immediately expensed for the year? How much amortization may Oksana deduct in the first year?

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Definitions:

Structure

The arrangement of atoms within a molecule that determines its shape and properties.

3-pentanamine

An organic compound, specifically an amine with the formula C5H11NH2, featuring an amino group attached to the 3rd carbon of a pentane chain.

Structure

The arrangement of atoms within a molecule, defining its chemical properties and behavior.

Morphine

A potent opiate analgesic drug derived from the opium poppy used to relieve severe pain.