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Apex is on the cash basis of accounting and prepaid a 1 year insurance policy in 2019. On 11/1/2019 it pays $ 36,000 on a
Apex is on the cash basis of accounting and prepaid a 1 year insurance policy in 2019. On 11/1/2019 it pays $ 36,000 on a policy that runs from 2/1/2020 1/31/2021. How much will Apex deduct in 2019 and 2020 and 2021?
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