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10. Deli Corporation began business operations on July 1, 2020 and has a calendar year end. Organization costs of $12,200 were incurred. What is the

10. Deli Corporation began business operations on July 1, 2020 and has a calendar year end. Organization costs of $12,200 were incurred. What is the amount of organization expense that can be deducted on its December 31, 2020 tax return? a. -0- b. $5,000 C. $5,200 d. $5,240

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