1 Just let me say that this encounter has been entirely professional and most helpful. 2  I liked that I could ask additional questions and get answered in a very short turn around. 3  Esther Woodstock, NY. 4  Thank you so much for taking your time and knowledge to support my concerns.
A project's initial costs are those that are incurred during the design and construction process. They can include any of the following: 1  Planning, preliminary engineering, and project design. 2  Environmental impact report. 3  Project-related staff training.  Final engineering.
The agency instructs business owners to expense the first $5,000 of startup costs, with a dollar-for-dollar phaseout at $50,000. If you had $51,000 of startup costs, you can only expense $4,000, not $5,000. Owners should amortize any remaining startup costs over 180 months. In this example, the business owner has $47,000 worth of startup costs remaining to amortize over the next 180 months.