Mike started a calendar-year business on September 1st of this year by paying 12 months of rent on his shop at $1,250 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method? Multiple Choice $15,000 under the cash method and $15,000 under the accrual method $5,000 under the cash method and $5,000 under the accrual method $5,000 under the cash method and zero under the accrual method $5,000 under the cash method and $15,000 under the accrual method $15,000 under the cash method and $5,000 under the accrual method