Discussion Question 8-17 (LO. 4, 7) In May 2021, Gwen began searching for a trade or business to acquire. In anticipation of finding a suitable acquisition, Gwen hired an investment banker to evaluate three potential businesses. She also hired a law firm to begin drafting regulatory approval documents for a target company. Eventually, Gwen decided to purchase all of the assets of Brash Corporation. Brash and Gwen entered into an acquisition agreement on December 1, 2021. Based on the information above, help Gwen by classifying if the following are "Yes, a relevant tax issue" or "No, not an issue". a. Do the expenditures satisfy 195 requirements? Are the expenditures subject to capitalization? b. c. Are the costs deductible as business expenses if incurred by one of Gwen's current businesses? d. Do the costs exceed $50,000? e. Did Brash Corporation incur any 195 expenditures when it was formed? f. How will the acquisition cost of the assets be allocated to various classes of assets (e.g., equipment, building, land, and intangibles)? g. Can Gwen use the immediate expense election ( 179) and/or additional first-year (bonus) depreciation on any of the assets