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Jose, a sole proprietor, opened his new business on May 1, 2021, and had $7,500 in business start-up costs. He will expense $5,000 and amortize

Jose, a sole proprietor, opened his new business on May 1, 2021, and had $7,500 in business start-up costs. He will expense $5,000 and amortize the remainder. What is the amount of his 2021 amortization?

$111

$167

$333

$500

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