Sally opened a cafe on July 1, Year 1. Prior to opening the business, she incurred the following costs: Consultant for market survey $2,000 Business taxes and license 600 Accounting fees 1,000 Fixtures for the cafe 400 Hiring and training employees 1,200 Advertising for grand opening 500. 

What amount of amortization may Sally claim on her income tax return for Year 1 if she elects to use the shortest amortization period allowed (excluding any immediate expensing allowed).

Answer rating: 100% (QA)

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