In the current year the ABC partnership incurs $30,000 of expenses that qualified as organizational expenses. They are a calendar year partnership, and begin business on August 1 st of the current year. ABC would have an immediate deduction of under Sec 709(b) and an amortization expense of from the amortization of the organizational expenses in the current year (assume they elect the maximum of each). 0;$833.33 $5,000;$694.44 $0;$30,000 $5,000;$25,000