Paul operates a restaurant in Cleveland. He travels to Columbus to investigate acquiring a business. He incurs expenses as follows: $1,500 for travel, $2,000 for legal advice, and $3,500 for a market analysis. Based on the different tax consequences listed below, describe the circumstances that were involved in Paul's investigation of the business.

a. Paul deducts the $7,000 of expenses. He must be investigating a business that is (the same/similar to his current business), (the same/similar to his current business; and, acquired it), (not a restaurant; and, acquired it), (not a restaurant; and, did not acquire it)

b. Paul cannot deduct any of the $7,000 of expenses. He must be investigating a business that is (the same/similar to his current business), (the same/similar to his current business; and, acquired it), (not a restaurant; and, acquired it), (not a restaurant; and, did not acquire it)

c. Paul acquired a business outside the restaurant industry. He can deduct $X? of the expenses and the balance is (amortized over 60 months), (amortized over 180 months), (not deductible as it exceeds the limit)