a new vintage clothing store began operating within 2020. its is organized as a corporation, operates over a calendar year tax period, and opened its doors (began business) on april 1, 2020. assume the total amount of start-up costs for the company was $42200 and for organization expenditures was $32300.

what amount of the start-up costs can be immediately expensed in 2020? of the portion of these START-UP COSTS that could not be immediately expensed, how much amortization expense can the business claim for 2020?

1. For start-up costs: $0 immediate expensed and $4689 in amortization expense for 2020.

2. for start-up costs: $0 immediately expensed and $2110 of amortization expense for 2020.

3. for start-up costs: $5000 immediately expensed and $2480 in amorization expense for 2020.

4. for start-up costs; $5000 immediately expensed and $1860 of amortization expenses for 2020.