The Parakeet Partnership was formed on August 1 of the current year and admitted Morlan and Merriman as equal partners on that date. The partners both contributed $300,000 of cash to establish a childrens clothing store in a local shopping mall. The partners spent August and September buying inventory, equipment, supplies, and advertising for their Grand Opening on October 1. Following are some of the costs the partnership incurred during its first year of operations.

Legal fees to form partnership	$8,000
Advertising for Grand Opening	18,000
Advertising after opening	30,000
Consulting fees for establishing accounting system	20,000
Rent, five months at $2,000/month	10,000
Utilities at $1,000 per month	5,000
Salaries to salesclerks (beginning in October)	50,000
Payments to Morlan and Merriman for services
($6,000/month each for three months, beginning in October)	36,000
Tax return preparation expense	12,000

In addition, on October 1, the partnership purchased all of the assets of Granny Newcombs, Inc. Of the total purchase price for these assets, $200,000 was allocated to the trade name and logo.

Determine how each of these costs is treated by the partnership, and identify the period over which the costs can be deducted, if any