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A taxpayer would be allowed a current deduction for the full amount of a payment under the one year rule if the payment is: a.
A taxpayer would be allowed a current deduction for the full amount of a payment under the one year rule if the payment is:
a. made for computer network services to be completed within two months of the date of payment.
b. made for interest to be accrued on a business loan payable two years in advance.
c. made for accounting services to be provided in the next 13 months.
d. All of the above.
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