Miller Co. was incorporated in 20x7. Incorporation costs were $3,500. How much CCA is allowed in 20x7 and how much operating expense is allowed in the year? (Round answers to 0 decimal places. Assume 20x7 is 2019.)
A) $38, $3,000
B) $25, $3,000
C) $175, $0
D) $225, $500
Correct Answer:
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