While She Was a College Student,Angel Lived by a Bookstore

question 117

Essay

While she was a college student,Angel lived by a bookstore located near campus.She thinks a bookstore located on the other side of campus would be successful.She incurs expenses of $42,800 (legal fees,accounting fees,marketing survey,etc. )in exploring its business potential.Her parents have agreed to loan her the money required to start the business.What amount of these investigation costs can Angel deduct if:
a.She opens the bookstore on August 1,2016.
b.She decides not to open the bookstore.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the percentage increase in real gross domestic product (GDP).

Trade Barriers

Measures implemented by governments to regulate international trade, such as tariffs, quotas, and import bans, which can protect domestic industries.

Population Growth

The increase in the number of individuals in a population, usually measured as the percentage change at a specific time.