Expenses may partnership elect to amortize

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Reference no: EM131950344

1. Simple interest means that:

the interest rate is the same every period.

the dollar amount of interest is the same every period.

interest is only paid once a year.

the compounding periods are annual.

2. Which of the following expenses may a partnership elect to amortize?

a. a purchase of building and land?

b. professional fees paid after the partnership begins business

c. employment taxes paid by the partnership

d. advertising before the time partnership begins business

Reference no: EM131950344

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