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Floyd, a sole proprietor, opened his new business on January 1 , 2 0 2 3 , and had $ 8 , 0 0 0

Floyd, a sole proprietor, opened his new business on January 1,2023, and had $8,000 in business start-up costs. He will expense $5,000 and amortize the remainder. What amount will he amortize in 2023?
$200
$429
$600
$1,000

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