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Cherry Corporation, a calendar year C corporation, is formed and begins business on 8/1/2023. In...

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Accounting

Cherry Corporation, a calendar year C corporation, is formed and begins business on 8/1/2023. In connection with its formation, Cherry
incurs organizational expenditures of $52,100.
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 the current year.
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