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I am studying for FAR using Becker; and purchased your audio as a supplement. A point i am confused is that in the audio you say that startup costs can be “expensed or amortized over fifteen years.” My understanding was that startup costs could only be expensed under GAAP; and amortized for tax purposes. Maybe I’m losing my mind 🙂
FAR 5/6/2015- 84
REG 8/3/2015 - 87
AUD 10/25/2015- 69 1/20/2016 -75
BEC 2/26/2016- 80Thank you God
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