A partnership may elect to expense organizational or startup expenses rather than amortizing these expenses. How much are they allowed to expense?

	A- Up to $500 of each of the organizational and startup costs.
	B- Up to $5,000 total for startup costs and organizational costs.
	C- Up to $5,000 of each of the organizational and startup costs.
	D- Up to $5,000 of startup costs only may be expensed, but organizational costs must be amortized