Unformatted text preview: deducted. Pg. 21-58 23 a) $3,000 in legal fees and $5,000 in accounting fees are classified as organizational costs. $15,500 in advertising and $36,000 in other costs are classified as start up costs. Syndication costs can not be amortized nor deducted. b) Organizational costs: $5,000 initial year. Syndication costs – no deduction initial year Start up costs: $5,000 initial year c) The costs that are deducted are amortized over a period of 180 months. Syndication costs are not deducted or amortized....
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- Spring '10
- Depreciation, Ben, fair market value, Contingent fee, Syndication costs