39 of 75. Anne has a qualified home office which takes up 400 square feet of her 1,200 square foot home. The allowable depreciation from the business use of the home is $1,000. Also, Anne paid $1,000 of total interest for the home mortgage in 2019. Which method should be used for determining the home office deduction and how much is the deduction? O Actual; $1,333. 0000 Simplified; $1,500. Simplified; $2,000 Simplified; $2,500. Mark for follow up whle 1/4/2021 Question 40 of 75. Realize Your Potential: H&R Block Larry uses an accrual method of accounting and a calendar year. On December 30, 2019, he completed work for sch and submitted his bill. The client had no dispute with the work done or the amount of the bill. The client paid Larry's 2020. In which year should he report the income from this project? He should report the income in either 2019 or 2020. He should report half of the income in 2019 and half in 2020. He should report the income in 2019. He should report the income in 2020. Mark for follow up