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1 4 points 01:03:41 eBook Problem 07-28 (Static) [LO 7-9] Ajax, Incorporated was formed on April 25 and elected a calendar year for tax
1 4 points 01:03:41 eBook Problem 07-28 (Static) [LO 7-9] Ajax, Incorporated was formed on April 25 and elected a calendar year for tax purposes. Ajax paid $11,200 to the attorney who drew up the articles of incorporation and $5,100 to the CPA who advised the corporation concerning the accounting and tax implications of its organization. Ajax began business operations on July 15. Required: To what extent can Ajax deduct its $16,300 organizational costs on its first tax return? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Ask Deduction Print References
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