Gladys owns a retail hardware store in tangipahoa. she is, Ask an Expert

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Gladys owns a retail hardware store in Tangipahoa. She is considering opening a business in Hammond, a community located 25 miles away. She incurs expenses of $60,000 in 2010 in investigating the feasibility and desirability of doing so. What amount can Gladys deduct in 2010 if the business is:

1. Another retail hardware store which she opens in December 2010?

2. Another retail hardware store which she decides against opening?

3. A video rental store which she opens in December 2010?

4. A video rental store which she decides against opening?

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Accounting Basics, Accounting

Category:- Accounting Basics
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