Business, 11.09.2019 01:30 kaylacornish06

George operates a business that generated revenues of $50 million and allocable taxable income of $1.25 million. included in the computation of allocable taxable income were deductible expenses of $240,000 of business interest and $250,000 of depreciation. what is the maximum business interest deduction that george will be eligible to claim this year?

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George operates a business that generated revenues of $50 million and allocable taxable income of $1...

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