An expense can only be deductible if it is ordinary, necessary, and reasonable. An ordinary...
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Accounting
An expense can only be deductible if it is ordinary, necessary, and reasonable. An ordinary expense is defined as an expense that is: Group of answer choices Helpful and appropriate for a taxpayers trade or business. Common and accepted in the industry of a taxpayers trade or business. Occurs on a routine basis. Of an appropriate amount.
An expense can only be deductible if it is ordinary, necessary, and reasonable. An ordinary expense is defined as an expense that is:
Group of answer choices
Helpful and appropriate for a taxpayers trade or business.
Common and accepted in the industry of a taxpayers trade or business.
Occurs on a routine basis.
Of an appropriate amount.
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