Orange Corporation begins business on April 2, 2017. The corporation reports startup expenditures of $64,000 all incurred last year. Determine the total amount that Orange can elect to deduct in 2017.
A)$0
B)$3,200
C)$4,267
D)$7,950
E)None of the above

Question

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The Answer of Orange Corporation begins business on April 2, 2017. The corporation reports startup expenditures of $64,000 all incurred last year. Determine the total amount that Orange can elect to deduct in 2017.
A)$0
B)$3,200
C)$4,267
D)$7,950
E)None of the above

Orange Corporation Begins Business on April 2, 2017