Rebecca is a calendar-year taxpayer who operates a business. She made the following business-related expenditures in December of this year.

Indicate the amount of these payments that she may deduct this year under both the cash method of accounting and the accrual method of accounting.

a. $3,700 for an accountant to evaluate the accounting system of Rebecca's business. The accountant spent three weeks in January of next year working on the evaluation.

Cash Method:

Accrual Method:

b. $4,500 for new office furniture. The furniture was delivered on June 15 of next year.

Cash Method:

Accrual Method:

c. $4,800 for property taxes payable on her factory.

Cash Method:

Accrual Method:

d. $3,500 for interest on a short-term bank loan relating to the period from September 1 of this year, through January 31 of next year.

Cash Method:

Accrual Method: