Bevco incurred start-up expenditures while investigating the acquisition of a business.

With respect to such expenditures, Bevco:

a. Can expense them in the year incurred

b. Must capitalize them and deduct them in the year of liquidation

c. Can expense the first $5,000 in the year incurred and elect to amortize the remaining costs over 180 months

d. Must capitalize them but may elect to amortize them over 50 months