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Question 1 2 pts Essa Company, accrual basis, calendar year C corporation, was formed and began operations on July 1, 2018. Essa incurred $55,000 of
Question 1 2 pts Essa Company, accrual basis, calendar year C corporation, was formed and began operations on July 1, 2018. Essa incurred $55,000 of organizational expenses. Assuming that Essa elects to expense and amortize organizational expenditures, what approximate amount may be deducted in 2018? O $306 $1,833 o $3,667 O $6,667
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