Mr. and Mrs. FB, a retired couple, decided to open a family restaurant. During March and April, they incurred the following expenses.

Prepaid rent on commercial real estate

($2,100 per month from April through December) $ 18,900

Prepaid rent on restaurant equipment

($990 per month from April through December) 8,910

Advertising of upcoming Grand Opening 900

Staff hiring and training 11,500

TOTAL $ 40,210

Mr. and Mrs. FB served their first meal to a customer on May 1. Determine the tax treatment of the above expenses on their tax return.