Patin Corporation began business on September 23ʳᵈ of the current year. It incurred $40,000 of start-up costs and $60,000 of organizational expenditures. How much total amortization may be deducted in the first year? (Round final answer to the nearest whole number.)

Question

Quizplus · Accepted Answer

The Answer of Patin Corporation began business on September 23ʳᵈ of the current year. It incurred $40,000 of start-up costs and $60,000 of organizational expenditures. How much total amortization may be deducted in the first year? (Round final answer to the nearest whole number.)

Patin Corporation Began Business on September 23ʳᵈ of the Current