Sujo Corporation commenced operations in early 2015. The corporation incurred HK($60),000,000 of costs such as fees to

Question:

Sujo Corporation commenced operations in early 2015. The corporation incurred HK$$60$,000,000 of costs such as fees to underwriters, legal fees, governmental fees, and promotional expenditures during its formation. Prepare journal entries to record the HK$$60$,000,000 expenditure and 2015 amortization, if any

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