Zenon Corporation (a calendar-year corporation) began work on a new experimental project in 2012. It incurred $8,000

Question:

Zenon (a calendar-year began work on a new experimental project in 2012. It incurred $8,000 in qualifying research expenses in 2012 and $11,000 in 2013. The benefits from the project will be realized beginning in February 2014.
a. If Zenon elects a 60-month amortization period, how much will it deduct in 2012, in 2013, and in 2014?
b. If Zenon elects to expense the research expenditures, how much will it deduct in 2012, in 2013, and in 2014?
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...