Business, 15.07.2020 05:01 jambunny26

Charley Inc is a large corporation that reported revenue of $80 million and expenses (other than interest) of $78 million in 2019. Included in the expenses is depreciation of $300,000. Charley Inc. paid business interest of $1,000,000 in 2019. What is the maximum amount of interest expense deduction this year

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Charley Inc is a large corporation that reported revenue of $80 million and expenses (other than int...

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