How much is ghis deduction and amortization of expenses, Accounting Basics

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How much is ghis deduction and amortization of expenses

Problem

In the current year the GHI partnership incurs $60,000 of expenses that qualified as organizational expenses. GHI is a calendar year partnership and begins business in November of the current year. How much is GHI's deduction and amortization of the organizational expenses in the current year, assuming it elects the maximum of each?

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Accounting Basics: How much is ghis deduction and amortization of expenses

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