Daschle LLC Completed Some Research and Development During June of the Current

question 69

Multiple Choice

Daschle LLC completed some research and development during June of the current year. The related costs were $60,000. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization expense Daschle may deduct during the current year?

• A) $0.
• B) $6,500.
• C) $7,000.
• D) $12,000.
• E) None of the choices are correct.

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Definitions:

Joseph Goebbels

A prominent German Nazi politician and Reich Minister of Propaganda of Nazi Germany, known for his zealous oratory and emotionally charged propaganda.

Mussolini

Benito Mussolini was an Italian dictator and leader of the National Fascist Party, ruling the country from 1922 until his downfall in 1943.

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A group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations that facilitate cooperative living.

Right-Wing Dictator

An authoritarian leader with conservative or ultranationalist views, typically enforcing strict control and suppression of opposition.