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asap Taxpayer started a calendar-year business on 1 September of this year. At that date, Taxpayer paid $12.000 in rent for the period 1 September

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Taxpayer started a calendar-year business on 1 September of this year. At that date, Taxpayer paid $12.000 in rent for the period 1 September to 30 August of the subsequent Year. Determine the maximum amount of this rent payment Taxpayer may deduct this year under both the cash and accrual methods. $4,000 cash method; $12.000 accrual method $12,000 cash method: $12.000 accrual method $4,000 cash method; $4,000 accrual method $12,000 cash method: 54,000 accrual method $4,000 cash method: 50 accrual method

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