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Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of

Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including amortization) this year in the following alternative scenarios:

1) She incurred start-up costs of $2,500.

a) Amount of start up costs immediately expensed?______________

2) She incurred start-up costs of $41,000

a) Amount of start up cost immediately expensed

3) She incurred start-up costs of $51,100.

a) Amount of start up cost immediately expensed

4) She incurred start-up costs of $61,250.(Leave no answer blank. Enter zero if applicable.)

a) Amount of start up cost immediately expensed

5) How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)?(Leave no answer blank. Enter zero if applicable.)

Amount of Organizations Expenditures Immediately Expensed

a)______

b)______

c)______

d)_____________

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