In the syndication of a partnership,brokerage and registration fees,printing fees,and legal fees of the underwriter total $50,000.With respect to these fees,the partnership must
A)capitalize the fees,which are not amortizable.
B)deduct $5,000 of the expenses in the accounting period incurred and permanently capitalize the remainder.
C)capitalize and amortize the fees over a period of not less than 60 months.
D)deduct $5,000 of the expenses in the accounting period incurred and amortize the remaining amount over 180 months.

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The Answer of In the syndication of a partnership,brokerage and registration fees,printing fees,and legal fees of the underwriter total $50,000.With respect to these fees,the partnership must
A)capitalize the fees,which are not amortizable.
B)deduct $5,000 of the expenses in the accounting period incurred and permanently capitalize the remainder.
C)capitalize and amortize the fees over a period of not less than 60 months.
D)deduct $5,000 of the expenses in the accounting period incurred and amortize the remaining amount over 180 months.

In the Syndication of a Partnership,brokerage and Registration Fees,printing Fees,and