Iris,a calendar year cash basis taxpayer,owns and operates several TV rental outlets in Florida,and wants to expand to other states.During 2013,she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia.She acquires the South Carolina operations,but not the outlets in Georgia.As to these expenses,Iris should:
A)Capitalize $14,000 and not deduct $9,000.
B)Expense $23,000 for 2013.
C)Expense $9,000 for 2013 and capitalize $14,000.
D)Capitalize $23,000.
E)None of the above.

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The Answer of Iris,a calendar year cash basis taxpayer,owns and operates several TV rental outlets in Florida,and wants to expand to other states.During 2013,she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia.She acquires the South Carolina operations,but not the outlets in Georgia.As to these expenses,Iris should:
A)Capitalize $14,000 and not deduct $9,000.
B)Expense $23,000 for 2013.
C)Expense $9,000 for 2013 and capitalize $14,000.
D)Capitalize $23,000.
E)None of the above.

Iris,a Calendar Year Cash Basis Taxpayer,owns and Operates Several TV