allowed)? A. $367 B. $300 C. $217 D. $600 allowed)? A. $367 B. $300 C. $217 D. $600

On July 1 of the current year, Sybil opened a business supply store. Prior to opening the business; she incurred the following costs Sl;ooo Market survey Accounting fees related to setting up the business 2; ooo Purchase of trademark 1 500 $500 Salaries to train employees Interest expense for funds borrowed prior to opening the store 500 Travel expenses to secure prospective suppliers 200 What amount of the start-up costs may Sybil amortize for the year if she uses the shortest allowed amortization period (excluding any immediate expensing allowed)? $367 $300 $217 $600