Oleander Corporation, a calendar year entity, begins business on March 1, 2019. The corporation incurs startup...
Homework Answers
Maximum deduction available is $5000 under section 195.
Also if startup expense is more than $50000 , we have to reduce this $5000 and if this is more than $5000 then this excess will be deducted over 15 years.
Calculation= $5000 - ($64000-50000) = minimum zero
So deduction = $$64000/180*10 months = $3556
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Oleander Corporation, a calendar year entity, begins business
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