Jamie started a new business (a corporation) this year. She incurred organizational costs...
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Accounting
Jamie started a new business (a corporation) this year. She incurred organizational costs of $10,000 and start-up costs of $53,000. How much of the organizational and start-up costs can be immediately deducted (excluding amounts amortized over 180 months) for the year?
Multiple Choice
None of the choices are correct
$2,000
$5,000
$10,000
$0.
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