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A newly formed corporation elected to use a calendar year end. On January 1, 2014, the corporation began business and incurred $6,000 of qualified organizational expenses. Assuming that the corporation properly elected to amorize these costs, what is the amount of organization expenses that it should deduct on its tax return for the tax year 2014?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92767172

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