The ABC Partnership, a calendar year entity, is formed and begins business on July 1 of the current year. ABC incurs the following expenditures on the date the partnership is formed:
Legal fees incident to the organization of the partnership..........................................$ 6,000
Printing costs associated with the syndication of the partnership.................................4,000
Brokerage fees associated with underwriting efforts to sell
limited partnership interests...............................................................................................5,000
Legal fees associated with asset transfers by three partners.......................................10,000
Accounting services incurred during the organizational period.....................................3,000

a. What is the appropriate tax treatment (i.e., capitalization, capitalization subject to amortization, or immediate expensing) for each of these items?
b. How much amortization should the partnership deduct for the current year?