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Highlight which transactions dragon co would expense

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Dragon Co. was founded on June 1, 2018 and began operations January 1, 2019. The following costs were incurred prior to the start of operations:

  1. $5,000CPA fee to form partnership
  2. $440 State partnership filing fee
  3. $20,000 Office Renovations
  4. $12,000Marketing materials sent to known theme-park customers
  5. $60,000Purchase of company vehicles
  6. $30,000 Cost to purchase Dragon Co. trademark
  7. $14,000 R&D costs in developing proprietary design for new theme park
  8. $3,000 Legal fees defending a patent in court. The legal efforts were unsuccessful.

Instructions

Problem 1: Highlight which transactions Dragon Co. would expense in 2018?

Reference no: EM132831293

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