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Determine cherry corporation deduction

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Reference no: EM132092428

Question - Cherry Corporation, a calendar year C corporation, is formed and begins business on 10/1/15. In connection with its formation, Cherry incurs organizational expenditures of $51,000.

Round the per month amount to two decimal places. Round your final answer to the nearest dollar.

Determine Cherry Corporation's deduction for organizational expenditures for 2015.

Reference no: EM132092428

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