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Required information Problem 10-73 (LO 10-4) (Algo) [The following information applies to the questions displayed below.] Nicole organized a new corporation. The corporation began
Required information Problem 10-73 (LO 10-4) (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: Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Date Amount February 10 $ 40,000 March 30 6,400 March 30 2,800 April 1 May 30 25,000 16,000 Note: Leave no answer blank. Enter zero if applicable. Problem 10-73 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)]? Note: Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. Start-up costs amortized $ 1,750 Organizational expenditures amortized $ 210
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