Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business on July of the current calendar tax year. During the current year, the corporation incurred the following expenses:

Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational expenditures over 15 years, calculate the corporation’s deduction for its current calendar tax year.

$_____________

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State fees for incorporation Legal and accounting fees incident to organization Expenses for the sale of stock Organizational meeting expenses $ 500 4,150 2,100 750