Angie, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Virginia and wants to expand to other states. During 2019, she spends $14,000 to investigate TV rental stores in Maryland and $9,000 to investigate TV rental stores in West Virginia. She acquires the Maryland operations, but not the outlets in West Virginia. As to these expenses, Angie should:a. Expense $23,000 for 2019.b. Expense $23,000 in 2020.c. Capitalize $14,000 and not deduct $9,000.d. Capitalize $23,000.e. Expense $9,000 for 2019 and capitalize $14,000.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.