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Ralph Co had startup costs of $53,000 in 2023. Ralph Co started its business in March 2023. Calculate total amortization expense for 2023. Ralph Co

Ralph Co had startup costs of $53,000 in 2023. Ralph Co started its business in March 2023. Calculate total amortization expense for 2023. Ralph Co elects to take additional first year amortization under IRC 195. Calculate the amortization expense for 2024.

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