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Business, 17.12.2019 04:31 NANA2007

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: expense date amount attorney fees for articles of incorporation february 10 $ 40,500 march 1 – march 30 wages march 30 6,550 march 1 – march 30 rent march 30 2,850 stock issuance costs april 1 24,000 april 1 – may 30 wages may 30 16,375 a. what is the total amount of the start-up costs and organizational expenditures for nicole's corporation? b. what amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1? 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 it immediately expensed)? (round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) d. what would be the allowable organizational expenditures, including immediate expensing and amortization, if nicole started a sole proprietorship instead? (leave no answer blank. enter zero if applicable.)

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