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:
She incurred start-up costs of $2600.
She incurred start-up costs of $41250.
She incurred start-up costs of $51250.
She incurred start-up costs of $61500.
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)?