A Ltd. incurred the following legal fees with respect to its business for the current...
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Accounting
A Ltd. incurred the following legal fees with respect to its business for the current year:
Representation to the federal government $8,000 Review purchase agreement and title registration for new office building $5,000 Letters with respect to overdue accounts receivable $2,000 Registering the mortgage on the new building $1,000
Determine the deduction permitted for tax purposes for the current year.
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