question archive Joanne, the owner of a very successful restaurant chain, is exploring the possibility of expanding the chain in to a city in the neighboring state
Joanne, the owner of a very successful restaurant chain, is exploring the possibility of expanding the chain in to a city in the neighboring state
Subject:BusinessPrice: Bought3
Joanne, the owner of a very successful restaurant chain, is exploring the possibility of expanding the chain in to a city in the neighboring state. She incurs $28,000 of expenses associated with this investigation. Based on the regulatory environment for restaurants in the city, she decides not to expand. During the year, she also investigates opening a hotel that will be part of a national hotel chain. Her expenses for this are $53,000. The hotel beings operations on October 1. Determine the amount that Joanne can deduct in the current year for investigation these two businesses.
