information Problem 9-62 (LO 9-4) (Algo) [The following information applies to the questions displayed below.] In January of year O, Justin paid $8,200 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year 0 in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Problem 9-62 Part-a (Algo) a. The policy covers the business property from April 1 of year O through March 31 of year 1. Deductible amount Required information Problem 9-62 (LO 9-4) (Algo) [The following information applies to the questions displayed below) In January of year 0, Justin paid $8,200 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year 0 in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Problem 9-62 Part-b (Algo) b. The policy begins on February 1 of year 1 and extends through January 31 of year 2. Deductible amount Check my work 3 of 4 Required information Problem 9-62 (LO 9-4) (Algo) [The following information applies to the questions displayed below.) In January of year O, Justin paid $8,200 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Help Save & E Check my work es Problem 9-62 Part-c (Algo) c. Justin pays $9,400 for a 24-month policy that covers the business from April 1, year 0, through March 31, year 2. (Do not round intermediate calculations.) Deductible amount Required information Problem 9-62 (LO 9-4) (Algo) [The following information applies to the questions displayed below.) In January of year 0, Justin paid $8.200 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Problem 9-62 Part-d (Algo) d. Instead of paying an insurance premium, Justin pays $8,200 to rent his business property from April 1 of year O through March 31 of year 1. Deductible amount Check my work