In 2016,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 2016.If Tan elects to amortize research and experimental expenditures,determine Tan's deduction for 2016.

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The Answer of In 2016,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 2016.If Tan elects to amortize research and experimental expenditures,determine Tan's deduction for 2016.

In 2016,Tan Corporation Incurred the Following Expenditures in Connection with the Development