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Nandina Corporation, a calendar year corporation, was formed and began operations on July 1 of...

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Accounting

Nandina Corporation, a calendar year corporation, was formed and began operations on July 1 of the current year and incurred the following expenses during that year: State fees for incorporation $800 Legal and accounting fees incident to organization 1,700 Legal fees for the issuance of stock 600 Temporary directors' fees 1,100 If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for the current year?

a.$120

b.$240

c.$20

d.$3,600

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