Match the Proper Deduction Method with the Correct Expenditures

question 97

Multiple Choice

Match the proper deduction method with the correct expenditures.
-Fire and casualty insurance premium on business warehouse

• A)Capitalized and amortized over a number of accounting periods
• B)Expensed in the period incurred
• C)Not deductible
• D)Can be capitalized and amortized or deductible depending on the amount of the expenditure