Question Completion Status act Information Moving to another Question will save the response Question 31 $54.000 No of the above 536.000 $12.000 this response Moving to another question Be Type here to search Question 31 O out of 2.5 points Vernon is a cash basis taxpayer with a calendar tax year. On October 1, 2018, Vernon entered into a lease to rent a building for use in his business at $3,000 a month. On that day Vernon paid 18 months' rent on the building, a total of $54,000 ($3,000 X 18 months). How much may Vernon deduct for rent expense on his 2018 tax return