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Required information [The following information applies to the questions displayed below. Nicole organized a new corporation.b. What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1 (excluc. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up coPlease help with c).

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Answer #1
Start up costs Organizational Expenditures
Start up costs and organisational Expenditures 6500 32000
Immediate Expense Amount 5000 5000
Remaining Expenditure (A) 1500 27000
Recovery period as per US Code in months (15 Years) (B) 180 180
Monthly Amortization (A/B) 8.33 150.00
1st Year Business Period in months (Apr to Dec) 9 9
Amortised Amount 75 1350
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