Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mr. swing was born with the gift of dance. as a re

Mr. Swing was born with the gift of dance. As a result, he has always...

60.1K

Verified Solution

Question

Accounting

Mr. Swing was born with the gift of dance. As a result, he has always earned his living by being a dance instructor. In recent years Mr. Swing has been experiencing a significant decline in income, which he attributes to his advancing age. Potential clients simply prefer the younger instructors. As a means of bolstering his sagging income, Mr. Swing decided to invest in a hair transplant. In 2017, he paid a local dermatologist a total of $25,000 to transplant enough hair to remove the bald spot on the top of his head. The procedure called for a series of transplants of tiny plugs of tissue including the skin and subcutaneous layers. After the transplant, his work level picked up.

He is asking if he can deduct the transplant as a business expense. Would it be deductible elsewhere?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The radius of a cone is increasing at a constant rate of 2 meters per...

Calculus
Q

A proposed steam power plant design consists of an ideal Rankine cycle with reheat and regeneration....

Mechanical Engineering
Q

What do you see as some of the organizational changes that have occurred as quality has...

General Management
Q

The t value of t Round to two decima In a sample of 13 randomly...

Statistics
Q

An insurance company wants to estimate the percentage of 16 year olds who make an...

Statistics
Q

PULLING Problem 15-23 Comparing return on investment...

Accounting
Q

Could you please answer each question seperately Kalitta Corporation reported the following information at...

Accounting
Q

Problem 6-1A Calculate ending inventory and cost of goods sold for tour inventory methods (LO6-3)...

Accounting
Q

Case B - Report Value: 20% Due Date: 16-Sep-2018 Return Date: 05-Oct-2018 Length: 3000 words...

Accounting
Q

Monlque's Florals produced a special Mother's Day arrangement that included eight roses. The standard and...

Accounting
Q

Two assets have the following expected returns and standard deviations when the risk-free rate is...

Finance
Q

Question

Accounting