Darren Co., a calendar-year taxpayer, incurred research and development (R&E) expenses of $74,400 during June...
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Accounting
Darren Co., a calendar-year taxpayer, incurred research and development (R&E) expenses of $74,400 during June of the current year. If Darren Co. wants to capitalize and amortize the costs over the shortest recovery period possible, what is the total amortization amount Darren Co. may deduct during the current year?
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