In the Syndication of a Partnership, Brokerage and Registration Fees

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) deduct $5,000 of the expenses in the accounting period incurred and amortize the remaining amount over 180 months.
B) capitalize the fees, which are not amortizable.
C) deduct $5,000 of the expenses in the accounting period incurred and permanently capitalize the remainder.
D) capitalize and amortize the fees over a period of not less than 60 months.