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Daschle LLC completed some research and development during June of the current year. The related costs were $69,600. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization amount Daschle may deduct during the current year

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Answer:

The answer is "8073.6".

Explanation:

Given:

Cost[tex]=69,600\\\\[/tex]

Total years[tex]= 5 \ or\ 60\ months\\\\[/tex]

total months during the year[tex]=7\\\\[/tex]

Calculating the Amortization expense:

[tex]= 69,600 \times \frac{7}{60}\\\\= 6,960 \times \frac{7}{6}\\\\= 6,960 \times 1.16\\\\=8073.6[/tex]

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