Investigating the feasibility and desirability

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Reference no: EM13755072

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 2011 in investigating the feasibility and desirability of doing so. What amount can Gladys deduct in 2011 if the business is

I. another retail hardware store which she opens in December 2011?

II. another retail hardware store which she decides against opening?

III. a video rental store which she opens in December 2011?

IV. video rental store which she decides against opening?

Reference no: EM13755072

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