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Required information [The following information applies to the questions displayed below.] Nicole organized a new corporation. The corporation began business on April 1 of year
Required information [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: Note: Leave no answer blank. Enter zero if applicable. What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1 (excluding e portion of the expenditures that are amortized over 180 months)? Required information [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: Note: Leave no answer blank. Enter zero if applicable. What would be the total allowable organizational expenditures if Nicole started a sole proprietorship instead of a corporation? Required information [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: Note: Leave no answer blank. Enter zero if applicable. a. What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation? Required information [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: Note: Leave no answer blank. Enter zero if applicable. 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
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