During the current year, a calendar year corporation incurred $52,000 of research and experimental expenditures. fte corporation elects to capitalize and amortize the costs over 60 months. If the corporation ﬁrst realizes beneﬁts from the research and experimental expenditures on November 1 of the current year, its R&E deduction will equal:

Question

Quizplus · Accepted Answer

$52,000 / 60 = $867 per month. For November and December, the corporation would be allowed a deduction of $1,733.

During the Current Year, a Calendar Year Corporation Incurred $52,000