Previous Page Next Page Page 17 of Question 17 (7 points) Ronald is a cash-method taxpayer who made the following expenditures this year. Which expenditure is completely deductible in this period as a business expense? a) $4,000 for rent on his office, which covers the next 24 months. b) $3,000 for a new watch for the mayor to keep "good relations" with city hall. c) $2,500 for professional hockey tickets distributed to a customer to generate "goodwill" for his business, d) $55 to collect an account receivable from a customer who has failed to pay for services rendered. Previous Page Next Page Page 17 of 35