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A B C and D Required information (The following information applies to the questions displayed below.] Rebecca is a calendar-year taxpayer who operates a business.
A B C and D
Required information (The following information applies to the questions displayed below.] Rebecca is a calendar-year taxpayer who operates a business. She made the following business-related expenditures in December of year 0. Indicate the amount of these payments that she may deduct in year O under both the cash method of accounting and the accrual method of accounting. (Leave no answers blank. Enter zero if applicable.) a. $3,300 for an accountant to evaluate the accounting system of Rebecca's business. The accountant spe three weeks in January of year 1 working on the evaluation. Deductible Amount Cash method Accrual method 4 !! business-related expenditures in December of year 0. Indicate the amount of these payments that she may deduct in year O under both the method of accounting and the accrual method of accounting. (Leave no answers blar Enter zero if applicable.) b. $3,000 for new office furniture. The furniture was delivered on January, 15, year 1. Deductible Amount Cash method Accrual method Indicate the amount of these payments that she may deduct in year Our method of accounting and the accrual method of accounting. (Leave no Enter zero if applicable.) c. $3,300 for property taxes payable on her factory. Deductible Amount Cash method Accrual method business-related expenditures in December of year o. Indicate the amount of these payments that she may deduct in year 0 under both the cash method of accounting and the accrual method of accounting. (Leave no answers blank. Enter zero if applicable.) d. $2,520 for interest on a short-term bank loan relating to the period from September 1, year o, through April 30, year 1. Deductible Amount Cash method Accrual method Step by Step Solution
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