On May 1 of the current year, Grace, Laura, and Ann opened a business called Three Gals. Prior to opening Three Gals, they incurred the following costs: Purchase of fixtures $ 480 Accounting fees related to setting up the business 700 Lawyer's fees for negotiating a lease for the store space for Three Gals 960 Market survey 300 Costs to hire and train employees 1,200 Travel expenses to secure prospective customers 5,000 What amount of the start-up costs may Three Gals amortize if they use th