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Business, 15.04.2020 01:00 ellycleland16

Angie, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Virginia and wants to expand to other states. During 2019, she spends $14,000 to investigate TV rental stores in Maryland and $9,000 to investigate TV rental stores in West Virginia. She acquires the Maryland operations, but not the outlets in West Virginia. As to these expenses, Angie should:a. Expense $23,000 for 2019.b. Expense $23,000 in 2020.c. Capitalize $14,000 and not deduct $9,000.d. Capitalize $23,000.e. Expense $9,000 for 2019 and capitalize $14,000.

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