Organization cost

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Organization cost is an intangible asset that records the initial cost of forming the corporation, such as legal and incorporating fees. Today, it is being expensed.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Organization cost. An intangible asset that records the initial cost of forming the corporation, such as legal and incorporating fees. Today, it is being expensed.

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