Requirement a. What is the proper tax treatment of these expenses if Big Bang does not open the new gallery? Big Bang does not open the new gallery, they Do not round intermediary calculations. Only round the amount you input in the input field to the nearest dollar. Enter a "0" if the current year deduction is zero.) Current year deduction if the company does not open the gallery: Requirement b. What is the proper tax treatment of these expenses if Big Bang decides to open the new gallery on May 1 of the current year and makes the appropriate election under Sec. 195? If Big Bang decides to open the new gallery on May 1 of the current year, they Do not round intermediary calculations. Only round the amount you input in the Current year deduction if the company does open the gallery: will be able to amortize the total costs of $51,000 over the life of the asset beginning in May. will be able to deduct $5,000 in expenses this year, and amortize $51,000 over 180 months beginning the following year. will be able to deduct $4,000 in expenses this year, and amortize the remaining $47,000 over 90 months beginning in May. will be able to deduct $4,000 in expenses this year, and amortize the remaining $47,000 over 180 months beginning in May. will be able to deduct the entire $51,000 in expenses in the current year. will not be able to deduct any expenses. If Big Bang does not open the new gallery, they (Do not round intermediary calculations. Only ro Current year deduction if the company does not Requirement b. What is the proper tax treatmer If Big Bang decides to open the new gallery on (Do not round intermediary calculations. Only rol Current year deduction if the company does op entertainment galleries and it does not own anything similar at the current time. Assume that the year is 2022. Requirement a. What is the proper tax treatment of these expenses if Big Bang does not open the new gallery? If Big Bang does not open the new gallery, they (Do not round intermediary calculations. Only round the amount you input in the input field to the nearest dollar. Enter a "0" if the current year deduction is zero.) Current year deduction if the company does not open the gallery: If Big Bang decides to open the new gallery on May 1 of the current year, they (Do not round intermediary calculations. Only round the amount you input in the input field to the nearest dollar. Enter a "0" if the current year deduction is zero.) Current year deduction if the company does open the gallery