What is the amount of its amortization expense

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Reference no: EM13825093

The Nandina Corporation was formed and began operations on July 1, 2013, and incurred the following expenses during the year:

State fees for incorporation $ 800

Legal and accounting fees incident to organization $1,500

Legal fees for the issuance of stock $ 600

Temporary directors’ fees $1,000

If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for 2013?

a. $0

b. $110

c. $130

d. $220

e. None of the above

Reference no: EM13825093

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