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On November 1 , 2 0 2 3 , Sheffield Company, which is a calendar year, cash - basis taxpayer, borrowed $ 2 0 0
On November Sheffield Company, which is a calendar year, cashbasis taxpayer, borrowed $ from National Bank at interest per year. On December Sheffield Company paid $ to the bank for the first year's interest on the loan. How much can Sheffield Company deduct in for the interest paid? Round answer to decimal places, eg
Deduction
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