During the current year, New Age Corporation, a calendar-year taxpayer, incurs the following amounts for developing a new computer program: Supplies $12,500 Computer(5-years life, straight-line depreciation) $15,000 Programmer salaries $20,000 Utilities $5,000 Total $52,500 The program is expected to be ready for sale to the public in July of next year. If New Age elects to expense these costs, what will the allowable deduction be? A. $37,500 in the current year B. $40,500 in the current year C. $52,500 in the current year D. $52,500 next year