Lapine Corporation can elect to deduct over of organizational expenditures under months. This election is deemed automatic under Treasury Regulations. and amortize the remainder Lapine Corporation incorporates on January 7, begins business on July 10, and elects to have its initial tax year end on December 31. Lapine incurs the following expenses between January and December related to its organization during the current year: (Click on the icon to view list of expenses.) Read the requirements. Data table Date Expenditure Amount $ 6,000 5,500 1,500 240 2,000 2,500 3,000 500 500 January 30 Travel to investigate potential business site May 15 Legal expenses to draft corporate charter May 30 Commissions to stockbroker for issuing and selling stock May 30 Temporary directors' fees June 1 Expense of transferring building to Lapine June 5 Accounting fees to set up corporate books June 10 Training expenses for employees June 15 Rent expense for June July 15 Rent expense for July Print Done