TEX Co.was incorporated in 2020.Incorporation costs were $3,500.How much CCA is allowed in 2020 and how much operating expense is allowed in the year? (Round answers to 0 decimal places.)
A)$38, $3,000
B)$25, $3,000
C)$175, $0
D)$225, $500

Name: TEX Co.was incorporated in 2020.Incorporation costs were $3,500.How much CCA is allowed in 2020 and how much operating expense is allowed in the year? (Round answers to 0 decimal places.) A)$38, $3,000 B)$25, $3,000 C)$175, $0 D)$225, $500
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The Answer is A

TEX CoWas Incorporated in 2020