You are an accountant. You are interested in starting a baby clothing boutique. Last year, you spend $2,800 on surveying potential locations and some initial logo designs. You decided to buy a location to open your boutique this year. You pay an additional $4,000 in fees to open the store. Both items are considered start-up expenses. On September 1st of the current year, the boutique opens. What are your current year deductions?

$6,800

$5,010

$4,000

$5,040

$5,120

$5,000