Homework Answers
Organizational Expenditure = $750
Organizational expenditure is to be amortized over a period of 15 years i.e, 180 months
Amount of expenditure to be amortized every month = $750 / 180
= $4.167
Amount to be amortized in current calender tax year = $4.167 * 5 months (beginning from August 1 ending on December 31)
= $20.83
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