Bennie, a sole proprietor, opened his new business on January 1, 2022, and had $7,500 in business start-up costs. He v expense $5.000 and amortize the remainder What is the amount of his 2022 amortization?
Bennie, a sole proprietor, opened his new business on January 1, 2022, and had $7,500 in business start-up costs. He v expense $5.000 and amortize the remainder What is the amount of his 2022 amortization?
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 14DQ
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Transcribed Image Text:Bennie, a sole proprietor, opened his new business on January 1, 2022, and had $7,500 in business start-up costs. He will
expense $5,000 and amortize the remainder. What is the amount of his 2022 amortization?
0500
$167
$208
$333
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