In 2015,Tan Corporation incurred the following expenditures in connection with the development of a new product: Salaries $ 60,000 Supplies 20,000 Depreciation on research equipment 10,000 Testing for quality control 5,000 Advertising 8,000 Overhead allocated to research 2,000 Tan began selling the product in November 2015.If Tan elects to amortize research and experimental expenditures,determine Tan's deduction for 2015.

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The Answer of In 2015,Tan Corporation incurred the following expenditures in connection with the development of a new product: Salaries $ 60,000 Supplies 20,000 Depreciation on research equipment 10,000 Testing for quality control 5,000 Advertising 8,000 Overhead allocated to research 2,000 Tan began selling the product in November 2015.If Tan elects to amortize research and experimental expenditures,determine Tan's deduction for 2015.

In 2015,Tan Corporation Incurred the Following Expenditures in Connection with the Development