Consider the following independent scenarios Requirement In light of the economic performance requirement, how much is deductible by the following accrual basis corporate taxpayers this year (Complete all input fields Enter a 0 if none of the amounts is currently deductible ) Current year deduction a East Corporation sells products with a one year warranty East estimates that the warranty costs on products sold during this year will amount to $90,000 East performs $35,000 of warranty work on products sold last year and $32,000 of warranty work on products sold this year b Telstar Corporation agrees to pay $9,000 this year and $9,000 next year to a software developer The developer completes all work on the software and delivers the product to Telstar this year c Wyler Corporation pays $3,000 to a supplier to guarantee delivery of raw materials The $3,000 is refundable if Wyler decides not to acquire the materials d This year Roman Corporation pays a $2,200 security deposit on space it rents for a new office In addition, Roman pays current year rent of $17,000 The security deposit is refundable if the property is returned in good condition a East Corporation sells products with a one year warranty East estimates that the warranty costs on products sold during this year will amount to $90,000 East performs $35,000 of warranty work on products sold last year and $32,000 of warranty work on products sold this year b Telstar Corporation agrees to pay $9,000 this year and $9,000 next year to a software developer The developer completes all work on the software and delivers the product to Telstar this year c Wyler Corporation pays $3,000 to a supplier to guarantee delivery of raw materials The $3,000 is refundable if Wyler decides not to acquire the materials d This year Roman Corporation pays a $2,200 security deposit on space it rents for a new office In addition, Roman pays current year rent of $17,000 The security deposit is refundable if the property is returned in good condition More Info

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Consider the following independent scenarios: Requirement In light of the economic performance requirement, how much is deductible by the following accrual-basis corporate taxpayers this year?

Consider the following independent scenarios:

Requirement In light of the economic performance requirement, how much is deductible by the following accrual-basis corporate taxpayers this year? (Complete all input fields. Enter a "0" if none of the amounts is currently deductible.)

		Current year deduction
a.	East Corporation sells products with a one-year warranty. East estimates that the warranty costs on products sold during this year will amount to $90,000. East performs $35,000 of warranty work on products sold last year and $32,000 of warranty work on products sold this year.
b.	Telstar Corporation agrees to pay $9,000 this year and $9,000 next year to a software developer. The developer completes all work on the software and delivers the product to Telstar this year.
c.	Wyler Corporation pays $3,000 to a supplier to guarantee delivery of raw materials. The $3,000 is refundable if Wyler decides not to acquire the materials.
d.	This year Roman Corporation pays a $2,200 security deposit on space it rents for a new office. In addition, Roman pays current year rent of $17,000. The security deposit is refundable if the property is returned in good condition.

a.	East Corporation sells products with a one-year warranty. East estimates that the warranty costs on products sold during this year will amount to $90,000. East performs $35,000 of warranty work on products sold last year and $32,000 of warranty work on products sold this year.
b.	Telstar Corporation agrees to pay $9,000 this year and $9,000 next year to a software developer. The developer completes all work on the software and delivers the product to Telstar this year.
c.	Wyler Corporation pays $3,000 to a supplier to guarantee delivery of raw materials. The $3,000 is refundable if Wyler decides not to acquire the materials.
d	This year Roman Corporation pays a $2,200 security deposit on space it rents for a new office. In addition, Roman pays current year rent of $17,000. The security deposit is refundable if the property is returned in good condition.