In 2014, Tan Corporation incurred the following expenditures in connection with the development of a new product:
$\begin{array}{lr}
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$
Tan began selling the product in November 2014. If Tan elects to amortize research and experimental expenditures, determine Tan's deduction for 2014.

Question

In 2014, Tan Corporation incurred the following expenditures in connection with the development of a new product:
 $\begin{array}{lr}
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$ 
Tan began selling the product in November 2014. If Tan elects to amortize research and experimental expenditures, determine Tan's deduction for 2014.

Quizplus · Accepted Answer

The Answer of In 2014, Tan Corporation incurred the following expenditures in connection with the development of a new product:
 $\begin{array}{lr}
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$ 
Tan began selling the product in November 2014. If Tan elects to amortize research and experimental expenditures, determine Tan's deduction for 2014.

In 2014, Tan Corporation Incurred the Following Expenditures in Connection