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Determining the organizational expenditures

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Reference no: EM131797012

Slim Fast Corporation, a calendar year C Corporation, is formed and begins business on April 1, 2015. Slim Fast incurs the following transactions in connection with the formation of the business:

Organizational expenditures of $54,000

How much deduction will Slim Fast Corporation be able to take as organizational expenditures for 2015?

Reference no: EM131797012

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