Beach purchases cickets to sporting events and uses them to entertain customers. In 2019 Beach purchases the following rickets:
|
100 tickers to football games (face value of the tickets is $7,000) |
$10,000 |
|
A skybox rented for six NFL football games (seating capacity of the skybox is 20, and the highest price of a nonluxury box seat is $100; included in the price was a separate charge for food and beverages in the amount of $5,000) |
30,000 |
a. What amount of the above expenses are deductible in 2019?
b. Would your answer change if the amount for food and beverages was not separately stated in the $30,000 price?
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