In 2019, Tan Corporation incurred the following expenditures in connection with the development of a new product: $$\begin{array} { l r }
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$$ Tan began selling the product in November 2019. If Tan elects to amortize research and experimental expenditures, determine its deduction for 2019.

Question

In 2019, Tan Corporation incurred the following expenditures in connection with the development of a new product: $$\begin{array} { l r } 
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$$ Tan began selling the product in November 2019. If Tan elects to amortize research and experimental expenditures, determine its deduction for 2019.

Quizplus · Accepted Answer

The Answer of In 2019, Tan Corporation incurred the following expenditures in connection with the development of a new product: $$\begin{array} { l r } 
\text { Salaries } & \$ 60,000 \
\text { Supplies } & 20,000 \
\text { Depreciation on research equipment } & 10,000 \
\text { Testing for quality control } & 5,000 \
\text { Advertising } & 8,000 \
\text { Overhead allocated to research } & 2,000
\end{array}$$ Tan began selling the product in November 2019. If Tan elects to amortize research and experimental expenditures, determine its deduction for 2019.

In 2019, Tan Corporation Incurred the Following Expenditures in Connection