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:
| a. |
She incurred start up costs of $2,600. |
| b. |
She incurred start up costs of $41,250. |
| c. |
She incurred start up costs of $51,250. |
| d. |
She incurred start up costs of $61,500. |
| 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)? |