Which of the following expenditures is NOT likely to be allowed as a current deduction for a landscaping and nursery business?
A) cost of fertilizer.
B) accounting fees.
C) cost of a greenhouse.
D) cost of uniforms for employees.
E) a cash settlement for trade name infringement.

Question

Quizplus · Accepted Answer

The cost of a greenhouse would likely be considered a capital expenditure and would need to be capitalized and depreciated over time, rather than deducted immediately as a current expense. The other options are more likely to be deductible as current expenses.

Which of the Following Expenditures Is NOT Likely to Be