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Hi, I'd appreciate help with this question, struggling to get the right answer Exercise 17-25 (Algorithmic) (LO. 2) Cherry Corporation, a calendar year C corporation,

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Exercise 17-25 (Algorithmic) (LO. 2) Cherry Corporation, a calendar year C corporation, is formed and begins business on 4/1/2018. In connection with its formation, Cherry incurs organizational expenditures of $51,700. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for 2018 Feedback Check My Work A corporation may elect to amortize organizational expenses over a period of 15 years or more. Check My Work 0 more Check My Work uses remaining Next

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