Oksana Started an LLC on November 2 of the Current

question 1

Essay

Oksana started an LLC on November 2 of the current year. She incurred $30,000 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:

Cognitive-Behavioral

Concerns a method of treatment focused on correcting ineffectual feelings, behaviors, and beliefs via a purposeful, structured approach.

Conversion Disorder

A psychiatric disorder characterized by the occurrence of physical symptoms that suggest a medical condition, but which are not fully explained by a medical diagnosis, the effects of substances, or other mental disorders.

Somatic Symptom Disorders

Disorders characterized by an excessive focus on physical symptoms, such as pain or fatigue, that cause significant distress or impairment.

Biological

Pertaining to the study of life and living organisms, with a focus on their structure, function, growth, origin, evolution, and distribution.