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Problem 8-54 (LO. 7) Oleander Corporation, a calendar year entity, begins business on March 1,...

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Accounting

Problem 8-54 (LO. 7)

Oleander Corporation, a calendar year entity, begins business on March 1, 2019. The corporation incurs startup expenditures of $64,000.

In your calculations, round any division to 2 decimal places. Round your final answer to the nearest dollar.

If Oleander elects 195 treatment, determine the total amount of startup expenditures that it may deduct in 2019. $________________

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