Organizational Expenditures
Legal Expenses 6,000
Miscellaneous Expenses 100
Total February Expenses 6,100
Less: Expensable Organizational Cost (5,000)
Amortizable February Expenses 1,100
Amortizable Period 180 months
Monthly Deductible Amount 6 per month
Periods in 2012 11
Deductible Amount in 2012 67
Depreciation
Depreciation per books 9,000 (given)
Less:
Depreciation for Tax Purposes (11,500)
Tax Adjustment for Depreciation (2,500)