Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. trade or business expenses are only deductible if

Trade or business expenses are only deductible if they are: necessary and ordinary. reasonable in...

80.2K

Verified Solution

Question

Accounting

Trade or business expenses are only deductible if they are:

necessary and ordinary.

reasonable in amount.

not capital in nature.

All of the above

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

  part 1) A road perpendicular to a highway leads to a farmhouse located 1 mile away....

General Management
1.2K views

Below is data captured from last week’s production numbers on machining center AG-03: Scheduled operation = 10...

Biology
1.2K views

African Buffalo Population 1960 1975 80000 Population Size 60000 40000 20000 0 1962 1964 1966...

Biology
1.2K views

What did the Voting Rights Act of 1965 address It outlawed voting practices O being...

Basic Math
1.2K views

John deposits $2600 into a 3-year CD earning 4.25% interest compounded daily.a. How much money...

Algebra
1.2K views

In a survey each woman over the age of 30 reports the number of children...

Algebra
1.2K views

The function P y 0 034y2 3 642y 252 560 represents the population P in...

Algebra
1.2K views

Use algebraic methods to solve the following equations for a a 4 18 x 4...

Accounting
1.2K views

2 Required information [The following information applies to the questions displayed below.] The following...

Accounting
1.2K views

There has been criticisms made of the failure of external audits to detect financial fraud....

Accounting
1.2K views

Exercise 12-3(Algo) Internal Rate of Return [L012-3] Wendell's Donut Shoppe is investigating the...

Finance
1.2K views

You are given the following information: Stockholders' equity as reported on the firms balance sheet...