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Juliette formed a new business to sell sporting goods this year. The business opened its...

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Accounting

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 the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios:

a. She incurred start-up costs of $4,300.

b. She incurred start-up costs of $45,750.

c. She incurred start-up costs of $53,950.

d. She incurred start-up costs of $65,750.

e. 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)?

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