Alice Acquirer is interested in obtaining property for a new office. Two sites are being considered and she hires a consultant for $55,000 to evaluate local zoning laws, conduct market surveys, provide an appraisal of the properties, and evaluate the title of the properties. Alice acquires one of the sites but not the other. Which of the following is true?

a. all of the costs must be capitalized

b. all of the costs may be expenses

c. only the appraisal and title evaluation costs attributable to the acquired property must be included in the basis of that property but costs may be claimed as a loss for the property that was not acquired

d. the appraisal and title evaluation attributable to both properties must be capitalized but may be deducted as a loss upon liquidation of the business

e. all of the costs must be amortized over 15 years