Calculate total amortization expense for 2016 ralph co, Accounting Basics

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Calculate total amortization expense for 2016 ralph co

Problem

Ralph Co had start up cost of $53,000 in 2016. Ralph Co started its business in March 2016. Calculate total amortization expense for 2016. Ralph Co elects to take additional first year amortization under IRC 195. Calculate the Amortization Exp for 2017.

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Accounting Basics: Calculate total amortization expense for 2016 ralph co

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