Sandstorm Corporation decides to develop a new line of paints. The project begins in 2018. Sandstorm incurs the following expenses in 2018 in connection with the project:
Depreciation on equipment: $12,500
The benefits from the project will be realized starting in July 2019.
If an amount is zero, enter "0".
If Sandstorm Corporation elects a 60-month deferral and amortization period, there is a $ for 2018 and a
$ deduction for 2019.