Discussion Question 9-8 (LO. 5)For each statement below, select either "Advantage" or "Disadvantage" to classify them with...
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Accounting
Discussion Question LO
For each statement below, select either "Advantage" or "Disadvantage" to classify them with regard to the Simplified Method for determining the office in the home deduction.
aSome actual expenses homeowners insurance, utilities are ignored in computing the deduction.
AdvantageDisadvantage
bA standard square foot amount is set, thus simplifying recordkeeping.
AdvantageDisadvantage
cThe maximum deduction is $
AdvantageDisadvantage
dThe unused deduction can not be carried over to a future year.
AdvantageDisadvantage
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