3. In 2018, Scott Lang is considering starting a new business Scott incurs the following costs associated with this prospective venture Advertising S 3,000 Travel Market surveys Professional services Interest expense Taxes 8,000 22,000 25,000 4,000 2,000 Scott started the new business on December 1, 2018 Determine Scott's start up expense deduction and any applicable amortization deduction for 2018 4. Luis owns his own security company. In order to develop new security technology he purchased an adamantium mining interest (22% depletion rate) for $15,000,000 on February 15, 2018, when reserves were estimated at 300,000 units. A total of 20,000 units were extracted in 2018 and 14,000 units were sold in 2018. Gross income from the property was $3,800,000 and taxable income without the allowance for depletion was $1,500,000 Calculate his cost and percentage depletion deduction and determine which he should choose to deduct in 2018