Question 1. Ignore your answer in a. Assume that the total amount of start-up costs expenditure is $48,200 and the total amount of the organizational expenditure is $17,900. Also, assume that the company immediately expensed $5,000 of start-up costs and $5,000 organizational cost.Fill in the blank: The amount the partnership can deduct as amortization expense for the organizational expenditures in 2020 (not including the amount it immediately expensed) is $_______.2. Ignore your answer in a. Assume that the total amount of start-up costs expenditure is $48,200 and the total amount of the organizational expenditure is $17,900. Also, assume that the company immediately expensed $5,000 of start-up costs and $5,000 organizational cost.Fill in the blank: The amount the partnership can deduct as amortization expense for the start-up costs in 2020 (not including the amount it immediately expensed) is $_______.3. Ignore your answer in a. Assume that the total amount of start-up costs expenditure is $48,200 and the total amount of the organizational expenditure is $17,900. Also, assume that the company immediately expensed $5,000 of start-up costs and $5,000 organizational cost.Fill in the blank: The total amount of deduction allowed for organizational expenses in 2020 (including both the portion immediately expensed and relevant amortization of remaining expenses) if Robert started asole proprietorshipinstead of a partnership is $_______.4. Ignore your answer in a. Assume that the total amount of start-up costs expenditure is $48,200 and the total amount of the organizational expenditure is $17,900. Also, assume that the company immediately expensed $5,000 of start-up costs and $5,000 organizational cost.Fill in the blank: The total amount of deduction allowed for start-up costs in 2020 (including both the portion immediately expensed and relevant amortization of remaining expenses) if Robert started asole proprietorshipinstead of a partnership is $_______. Robert started an accounting firm in 2020 and organized as a partnership. Performance of services began onJuly 1, 2020. The following expenditures were associated with the partnership’s activities in 2020: ExpenseDate Amount April 1-June 30 rent March 1 $15,000 June 1-June 30 wages June 30 $25,000 April … Show more… Show more LawSocial ScienceTax law ACCT 351
