65 729
Assignments Done
99,3%
Successfully Done
In October 2018

Answer to Question #43364 in Other Management for Seth Morgan

Question #43364
While she was a college student, Juliet worked in a bookstore located near campus. She thinks a bookstore located on the other side of campus would be successful. She incurs expenses of $18,000 (accounting fees, marketing survey, etc.) in exploring its business potential. Her parents have agreed to loan her the money required to start the business. What amount of these investigation costs can Juliet deduct if she

I. opens the business in July 2011 or

II. decides not to open the bookstore
Expert's answer
If Juliet incurs expenses of $18,000 (accounting fees, marketing survey,etc.) in exploring its business  potential and parents have agreed to loan her the money required to start the business, all these investigation costs can be deducted if she opens the business in July 2011 and no costs will be deducted, if she decides not to open the bookstore.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions