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Mike started a calendar year business on September ft of this year by paying 12 months rent on his shop at $1100 per month. What
Mike started a calendar year business on September ft of this year by paying 12 months rent on his shop at $1100 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method? Multiple Choice $13,200 under the cash method and $4,400 under the accrual method $4,400 under the cash method and $13,200 under the accrual method 0 $4,400 under the cash method and $4,400 under the accrual method
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