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Which of the following best describes the treatment applicable to unused business credits? ...

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Accounting

Which of the following best describes the treatment applicable to unused business credits?

Unused amounts are carried forward indefinitely.
Unused amounts are first carried back one year and then forward for 20 years.
Unused amounts are first carried back one year and then forward for 10 years.
Unused amounts are first carried back three years and then carried forward for 15 years.
None of the above.

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