Calculate amount of start-up expense which walter may deduct

Reference no: EM133417078

Question: Walter Payne acquired a new business on September 1, 2022. Start-up expenses totaled 53,000. Cost of goods sold 28,000 and Net income from activity 51,000. Calculate the amount of start-up expenses which Walter may deduct in 2022

Reference no: EM133417078

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