Iris, a calendar year cash basis taxpayer, owns and operates several tv rental outlets in florida and wants to expand to other states. during 2019, 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:
select one: a. none of the above. b. expense $9,000 for 2018 and capitalize $14,000.c. expense $23,000 for 2018.d. capitalize $14,000 and not deduct $9,000.e. capitalize $23,000.

C) Expense $23,000 for 2018.

Explanation:

Iris owns and operates TV rental outlets, so all the expenses she makes while investigating possible purchases of related businesses (other TV rental outlets) can be deducted from her income. This deductions can be made regardless of whether Iris ended up purchasing the new stores or not.  

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know