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Title: Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new ... Post by: Sheena Maskell on Jan 9, 2017 Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new restaurant and, to establish goodwill, paid off the debts of $100,000 of Green Restaurant. She was under no obligation to do so. The $100,000 is
A) deductible currently as an itemized deduction. B) capitalized now because the expenses are not ordinary. No future amortization is permitted. C) capitalized now and amortized over a period of not less than 15 years. D) deductible currently as a trade or business expense since the expenses are considered ordinary and necessary business expenses. Title: Re: Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new ... Post by: Yoko900 on Jan 9, 2017 Content hidden
Title: Re: Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new ... Post by: Sheena Maskell on Mar 20, 2017 Really helped
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