George incurred $35,000 in start up expenses relating to his new mini-golf business. The tax treatment of the start up expenses is:

a. deduct $5,000 immediately and amortize $30,000 over 15 years, if George makes the appropriate election

b. deductible in full from AGI in the first year of business

c. none are deductible or amortizable under any circumstances

d. amortize $50,000 over 15 years, if George makes the appropriate election

e. deduct $35,000 immediately and amortize $35,000 over 15 years, if George makes the appropriate election