- This topic has 3 replies, 3 voices, and was last updated 8 years, 9 months ago by .
-
Topic
-
Im sorry guys for starting this thread when I already posted on the NINJA REG study group. But I am really in need to find out the reason for this SIM since my exam is in a few days and this weekend will be my last full day of studying.
My question is for the “other deduction” line 26 the answer states that start up costs of 60000 exceeds the 50k limit, hence, all are amortized over 180 months then x 12 months. I get the first part. Im confused on the 12 months.
60,000 / 180 x 12 = 4,000. But since the question explicitly states the company started in november and the year ended december. Why are we multiplying by 12 and not 2?
Thanks!
BEC- PASS
Viewing 3 replies - 1 through 3 (of 3 total)
Viewing 3 replies - 1 through 3 (of 3 total)
- The topic ‘REG Ninja SIM #36’ is closed to new replies.