Blue Corporation incurred the following expenses in connection with the development of a new product...
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Accounting
Blue Corporation incurred the following expenses in connection with the development of a new product in :
Salaries
$
Utilities
Materials
Advertising
Market survey
Depreciation on machine
Blue expects to begin selling the product on July Determine the amount of Blues deduction for research and development expenditures What amount would be deducted in
Compare the current and former tax treatment of R&D expenditures in this situation. Which tax approach wasis more beneficial to the taxpayer?
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