Business, 27.12.2019 04:31 alexcuevaz90

Ajax computer company is an accrual-method calendar-year taxpayer. ajax has never advertised in the national media prior to this year. in november of this year, however, ajax paid $1.8 million for television advertising time during a "super" sporting event scheduled to take place in early february of next year. in addition, in november of this year the company paid $1,300,000 for a one-time advertising blitz during a professional golf tournament in april of next year. what amount of these payments, if any, can ajax deduct this year? a. $1.80 million. b. $3.10 million only if the professional golf tournament is played before april 15.c. $1,300,000.d. no deduction can be claimed this year. e. $3.10 million.

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Ajax computer company is an accrual-method calendar-year taxpayer. ajax has never advertised in the...

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