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(Solved): Stork Partnership incurred $15,000 of organizational expenditures and $75,000 of startup costs ...



Stork Partnership incurred $15,000 ?of organizational expenditures and $75,000 ?of startup costs in 2023. ?Stork may deduct $5,000 ?each of organizational and startup costs, and the remaining costs ($10,000 ?of organizational expenditures and $70,000 ?of startup costs) ?may be amortized over 180 ?months True False?



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