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Required information (The following information applies to the questions displayed below.) Nicole organized...

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Accounting

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Required information (The following information applies to the questions displayed below.) Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: (Leave no answer blank. Enter zero if applicable.) Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Date February 10 March 30 March 30 April 1 May 30 Amount $ 32,000 4,500 2,000 20,000 12,000 c. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 [not including the amount determined in part (b)]? (Do not round intermediate calculations.) Start-up costs amortized Organizational expenditures amortized

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