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Question 45 of 75. Floyd, a sole proprietor, opened his new business on...

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Accounting

Question 45 of 75.
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
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