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Legal fees on formation $54,000 Rent expenses for the period July 1-October 31 $20,000 Rent expenses for the period November1- Dec 31 $10,000 If the
Legal fees on formation $54,000 Rent expenses for the period July 1-October 31 $20,000 Rent expenses for the period November1- Dec 31 $10,000 If the partnership capitalizes and amortizes all appropriate costs, its amortization expense (rounded) for the current year is:
A. $10,711
B.$6,756
C. $5,767
D. $1,589
E. None of the Above
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