Last Year, Green Corporation Incurred the Following Expenditures in the Development

question 165

Multiple Choice

Last year, Green Corporation incurred the following expenditures in the development of a new plant process:
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During the current year, benefits from the project began being realized in May. If Green Corporation elects a 60 month deferral and amortization period, determine the amount of the deduction for the current year.

• A)$48,000
• B)$50,400
• C)$54,667
• D)$57,067
• E)None of the above