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What is the total deductible amount for tax? purposes

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ABC? Company's current financial statement shows following deductions for legal and accounting expenses. This amount consisted of the following? items:Cost of financing? (legal fees) for drafting a security agreement for a bank loan? $ 2,000 Legal fee for filing the annual return? $ 1,000 Legal expenses for the collection of bad debt? $ 2,000. What is the total deductible amount for tax? purposes?

Reference no: EM133272992

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