Beech Corporation, an accrual-basis, calendar-year taxpayer, was
organized and began business in June of the current year. During
the year, the corporation incurred the following expenses: Line
Item D, a. Deductible in full in the current year.
b. Deductible over the next five years.
c. Not deductible until the following tax year.
d. Subject to depreciation over the useful life of the assets purchased.