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Sheena Maskell Sheena Maskell
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7 years ago
In the syndication of a partnership, brokerage and registration fees, printing fees, and legal fees of the underwriter total $50,000. With respect to these fees, the partnership must
A) capitalize the fees, which are not amortizable.
B) deduct $5,000 of the expenses in the accounting period incurred and permanently capitalize the remainder.
C) capitalize and amortize the fees over a period of not less than 60 months.
D) deduct $5,000 of the expenses in the accounting period incurred and amortize the remaining amount over 180 months.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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MsLippyMsLippy
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Sheena M. Author
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#2
7 years ago
I took a chance with your answer

It was right
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