tax accounting prob. 5

Project Description:

beech corporation, an accrual basis taxpayer, was organized and began business on july 1, 2014. during 2014, the corporation incurred the following expenses:

state fees for incorporation $500
legal & accounting fees incident to organization $1,800
expenses for the sale of stock $2,100
organizational meeting expenses $750

assuming beech corporation does not elect to expense but chooses to amortize organizational expenditures over years calculate the corporation's deduction for its calendar tax year 2014.

** please show your work. needed before 10 pm est 6/28/14
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Price Type: Fixed

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