Respuesta :
The maximum amount of deductible organizational costs on partnership return is $5,513
How to calculate deductible organizational cost?
Organizational costs are costs incurred in relation to the setup of a business. An example for this can be the survey cost associated with a potential market.
Maximum amount of dedcutible = deductible upto maximum $5000 + [ Amortisation of Remaining Orgainsational cost for 180months during the year]
Substituing
Maximum amount of deductible = $5000 + ( 9 months / 180 months * [15260 - 5000] )
Maximum amount of deductible =$5000 + (0.05 * $10260)
= $5000 + 513
= $5513
9 months is from 1April 2005 to 31 December 2005
To know more about organizational costs, https://brainly.com/question/28789351
#SPJ4
The maximum amount of deductible organizational costs on Osha's 20X5 partnership return is $ 5513.
Option B is correct.
Calculating the problem:
Maximum amount of deductible = deductible upto maximum $5000 + [ Amortization of Remaining Organizational cost for 180 months during the year]
= $5000 + ( 9 months / 180 months ×[15260 - 5000] )
=$5000 + (0.05 × $10260)
= $5000 + 513
= $5513
Organizational cost:
The costs associated with establishing a corporation, partnership, or limited liability company (not a sole proprietorship) are referred to as organizational costs. Legal, management, consulting, accounting, and filing fees are examples of these. The direct costs of starting a partnership or corporation are known as organization costs.
Is cost management a benefit?
The expenses that are directly related to the formation of a corporation or other type of business are referred to as organizational costs. Because they are expenditures for rights and privileges that have value to the business, these costs are an intangible asset.
How significant are organization costs?
The significance of association costs lies in their capacity to guarantee coherence inside a business. It is essential for businesses to have clearly defined, well-documented, and simple-to-follow processes, procedures, and systems because these costs arise whenever there is a significant expansion of the product line or workforce.
Learn more about organizational costs:
brainly.com/question/27960000
#SPJ4
