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Sandstorm Corporation decides to develop a new line of paints. The project begins in 2018. Sandstorm incurs the following expenses in 2018 in connection with the project: Salaries: $85,000 Materials:

Sandstorm Corporation decides to develop a new line of paints. The project begins in 2018. Sandstorm incurs the following expenses in 2018 in connection with the project: Salaries: $85,000 Materials:

Sandstorm Corporation decides to develop a new line of paints. The project begins in 2018. Sandstorm incurs the following expenses in 2018 in connection with the project:
Salaries: $85,000
Materials: $30,000
Depreciation on equipment: $12,500
The benefits from the project will be realized starting in July 2019.
If an amount is zero, enter "0".
If Sandstorm Corporation elects a 60-month deferral and amortization period, there is a $ for 2018 and a
$ deduction for 2019.

 
manish jayant 07-Sep-2020

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