You spent $5,000 in legal expenses to start up a new business. Which of the following is true regarding these expenses? O if you do not elect to deduct or amortize these expenses you must capitalize these expenses until you abandon the investment O If you spent more than $55,000 starting up this company, you can amortize this expense over 180 months If this is all you spent starting up this company you can deduct 100% currently O All of the above