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Business, 06.03.2022 14:30 Royalty0703

blue Corporation incurred the following expenses in connection with the development of a new product: Salaries$100,000 Utilities18,000 Materials25,000 Advertising5,000 Market survey3,000 Depreciation on machine9,000 Blue expects to begin selling the product next year. If Blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year. a.$118,000 b.$143,000 c.$152,000 d.$0

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