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Putin Corporation Began Business on September 23rd of the Current

Question 4

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Putin 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, rounded to the nearest whole number?

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$7,111
Explanation: Total amortization i...

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