What is the amount of organization expenses

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Reference no: EM131928513

Problem

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?

Reference no: EM131928513

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