Designate whether the following expenses are fully deductible (F) , partially deductible (P) , or nondeductible (N) in the year paid.
-$2,000 of start-up expenses paid to open a suburban branch of an existing shoe store.
A) fully deductible(F)
B) partially deductible(P)
C) nondeductible(N)
Correct Answer:
Verified
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