Choice "B" is correct. Organization costs expensed for GAAP financial income (no asset) but deducted in later years for tax purposes.
Choice "d" is incorrect. Organization costs are expensed when incurred for GAAP financial reporting.
Choice "a" is incorrect. 60-month option is no longer applicable.
Choice "c" is incorrect. Organization costs are expensed when incurred for GAAP financial reporting.
