Question: someone help wrong answer Chapter 17 Assignments-Set 1 Exercise 17-25 (Algorithmic) (LO. 2) Cherry Corporation, a calendar year C corporation, is formed and begins business

 someone help wrong answer Chapter 17 Assignments-Set 1 Exercise 17-25 (Algorithmic)someone help wrong answer

Chapter 17 Assignments-Set 1 Exercise 17-25 (Algorithmic) (LO. 2) Cherry Corporation, a calendar year C corporation, is formed and begins business on 10/1/2018. In connection with its formation, Cherry incurs organizational expenditures of $53,300. Round the per month amount to two decimal places. Round your final answer to the nearest dollar Determine Cherry Corporation's deduction for organizational expenditures for 2018. A corporation may elect to amortize organizational expenses over a period of 15 years or more

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