Oleander Corporation, a calendar year entity, begins business on March 1, 2015. The corporation incurs startup expenditures

Question:

Oleander a calendar year entity, begins business on March 1, 2015. The incurs startup expenditures of $64,000. If Oleander elects § 195 treatment, determine the total amount of startup expenditures that it may deduct in 2015.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...