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Question Content Area Indigo Corporation begins business on April 2, 2021. The corporation has startup expenditures of $54,000. If Indigo Corporation elects 195, the total

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Indigo Corporation begins business on April 2, 2021. The corporation has startup expenditures of $54,000. If Indigo Corporation elects 195, the total amount that Indigo may deduct in 2021 would be:

If Acme Corporation elects amortization under 195, the total start-up expenditures that Acme Corporation may deduct in 2021 is $ ??? Deductible Amount [ (5000- ( 54000-50000) ] = 1,000 Amortization Amount [ { (54000-3000)/180} * 10] = 2,833 Total Deduction = 3,833 Why is deductible amt. (5000-(54000-50000)) = 1000?? What is this?

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