Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Question: The NFL Partnership, a calendar year entity, is formed and begins business on June 1 of the current year. NFL incurs the following expenditures on the date the partnership is? formed:
Legal fees incident to the organization of the partnership $7,000
Printing costs associated with the syndication of the partnership 4,500
Brokerage fees associated with underwriting efforts to sell limited partnership interests 5,100
Legal fees associated with asset transfers by three partners 19,000
Accounting services incurred during the organizational period 9,700
a. What is the appropriate tax treatment? (i.e., capitalization, capitalization subject to amortization, or immediate expensing) for each of these items?
b. How much amortization should the partnership deduct for the current year?