36. Lobo Partnership incurs $55,000 in costs to organize the partnership. How should these costs be treated for tax purposes?

a. $55,000 may be expensed when the partnership begins operation

b. $5,000 may be expensed and $50,000 amortized over 15 years

c. $5,000 may be expensed and $55,000 amortized over 15 years

d. $55,000 is amortized over 15 years

e. none of the costs may be deducted or amortized