Which of the following statements is correct concerning start-up costs?
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a. | Costs of start-up activities, including organization costs, should be capitalized and amortized on a straight-line basis over the lesser of the estimated economic life of the company, or 60 months. | |
b. | Costs of start-up activities, including organization costs, should be capitalized and expensed only if an impairment exists. | |
c. | Costs of start-up activities should be capitalized and amortized on a straight-line basis over the lesser of the estimated economic life of the company, or 60 months, while organization cost should be expensed as incurred. | |
d. | Costs of start-up activities, including organization costs, should be expensed as incurred. |
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