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Determine the amount that e net income

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In the current year, E Inc. had the following legal expenses: $2,000 for letters to collect overdue accounts receivable, $5,000 for representation to the municipal government, and $6,000 to examine the contract to purchase land for a new warehouse building. Determine the amount that E's net income for tax purposes will decrease in the current year due to these expenses.

Note: Do not place a minus sign in front of the amount.

Reference no: EM132790909

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