Expenses of Fanning a Partnership . The ABC Partnership, a calendar year entity, is formed and…

Expenses of Fanning a Co-operation . The ABC Partnership, a calendar year existence, is formed and begins interest on July 1 of the floating year. ABC incurs the subjoined expen - ditures on the epoch the co-operation is formed:

a.What is the mismisappropriate tax treatment (i.e., capitalization, capitalization theme to amortization,

or direct expensing) for each of these items?

b. How considerable amortization should the co-operation remove for the floating year?