Fixing and improving a leased building


The company BC was incorporated and classified as 503(c)in November 2010. They were working on fixing and improving a leased building to open for public as a youth sport facility. The grand opening was on January 15, 2011. Do they have to if at all file taxes for year 2010 and what should they claim?

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Accounting Basics: Fixing and improving a leased building
Reference No:- TGS079523

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