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:

Automatic

Processes or actions that are performed without conscious thought or intention, often as a result of learning or habituation.

Motor Nerves

Nerves that transmit impulses from the central nervous system to muscles, causing them to contract and produce movement.

Special Receptors

Cells or nerve endings that respond to changes in the environment by converting stimuli into electrical signals for the nervous system.

Nervous System

A complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body, facilitating bodily functions and responses.