This is the rest from IRS web

...How to make the election.    You elect to deduct the start-up or organizational costs by claiming the deduction on the income tax return (filed by the due date including extensions) for the tax year in which the active trade or business begins....

so it is one or the other...

This is what IRS is trying to say: "call it what you want but it all falls under same treatment category" 5K first year deduction and you can ammortize the rest separetaly or combined will not make any difference.

What happens when organizational cost exceed the $50k, what if organ cost is $200K do you deduct $5k expense and additionaly take amort in same taxable year of start up. 

MCQ in Wiley are very confusing about amort, even in Becker.