Question
Juliette formed a new business to sell sporting goods this year. The business opened its door to customers on June 1. Determine the amount of
Juliette formed a new business to sell sporting goods this year. The business opened its door to customers on June 1. Determine the amount of start up costs Juliette can immediately expense (not including the portion of the expenditure that are amortized over 180 months) this year in the following alternatives scenarios (A) she incurred start up costs of 4500
(b) she incurred start up costs of 46250.
(c) she incurred start up costs of 54250.
(d) she incurred start up costs of 66250.
(e) how would you answer parts (a) through (d if she formed a partnership or a corporation and she incurred the same amount of organizational expenditure rather than start up costs (how much of the organizational expenditure would be immediately deductible).
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