While She Was a College Student,Juliet Worked in a Bookstore

question 8

Essay

While she was a college student,Juliet worked in a bookstore located near campus.She thinks a bookstore located on the other side of campus would be successful.She incurs expenses of $41,000 (accounting fees,marketing survey,etc.)in exploring its business potential.Her parents have agreed to loan her the money required to start the business.What amount of these investigation costs can Juliet deduct if:
a.She opens the business in March 2011.
b.She decides not to open the bookstore.