Oksana Started a LLC on November 2 of the Current

question 72

Essay

Oksana started a 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:

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine that absorbs nutrients and minerals from food.

Cholecystokinin (CCK)

A chemical that promotes the breakdown of fats and proteins for digestion.

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine that digests food and absorbs nutrients.

Transverse Mesocolon

Fold of peritoneum attaching the transverse colon to the posterior abdominal wall.