A Corporation May Elect to Amortize Startup Expenditures Over the 60-Month

question 52

True/False

A corporation may elect to amortize startup expenditures over the 60-month period beginning with the month in which the corporation begins business.

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Definitions:

Overexcitement

A state of being excessively stimulated or enthusiastic, often leading to erratic behavior or emotional overwhelm.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a guide published by the American Psychiatric Association for diagnosing mental disorders.

Diagnose

The process of identifying a disease or condition from its symptoms through systematic analysis and investigation.

Levels

Different stages or degrees of magnitude in a particular hierarchy or system.