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Pont Required information Problem 02-73 (LO 02-4) (Algo) [The following information applies to the questions displayed below) Nicole organized a new corporation. The corporation
Pont Required information Problem 02-73 (LO 02-4) (Algo) [The following information applies to the questions displayed below) Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: (Leave no answer blank. Enter zero if applicable.) Expense Attorney fees for articles of incorporation Karch 1-March 30 vages March 1-March 30 cent Stock issuance costs April 1-May 30 Date February 18 March 30 Acoust 39,500 6,250 March 30 2,750 April 1 26,000 May 30 15,625 Problem 02-73 Part c (Algo) c. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 (not including the amount determined in part (b)? (Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Start-up coats amortized Organizational expenditures amortized < Prev 10 11 of 16 Next >
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