Question: Problem 11-6 (Algorithmic) Special Deductions and Limitations (L 11.3) Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business on July 1st
Problem 11-6 (Algorithmic) Special Deductions and Limitations (L 11.3) Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business on July 1st of the current calendar tax year. During the current year, the corporation incurred the following expenses State fees for incorporation 52,600 Legal and accounting fees incident to organization 9,380 Expers for the sale of stock 10.720 Organizational meeting expenses 4,020 Assuming that Beech Corporation does not efect to expense but chooses to anotre organizational expenditures over 15 years, calculate the corporation's deduction for its current calendar tax year Round per month calculation to this decimal places. Round your final answer to the nearest dollar 89.33 X
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