These are things I've read and heard, but you can never be 100% sure that the sources are right., if the source isn't Michael himself. An example: Jermaine said MJ's favourite colors were gold and red, Taraborrelli said in his book that it was yellow, so who are you going to believe...
GAAP, however, generally requires that these costs be expensed when incurred because it is difficult determine their future benefits and relation to future revenues (the matching principle). Unless there are large amounts of organizational expenses, they are usually expensed for GAAP and financial reporting purposes.
Can you capitalize the cost of moving to a modern lease organization according to GAAP? Answers: No, according to IAS 16 Property Plant & Equipment. Para 19 is excerpted below: 19. Examples of costs that are not costs of an item of property, plant and equipment are: (a) costs of vent a unusual facility;