The Nandina Corporation was formed and began operations on July 1, 2014, and incurred the following expenses during the year: If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for 2014?
A) $20
B) $120
C) $240
D) $3,600
E) None of the above
Correct Answer:
Verified
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