sa so ob smolog .de 6. Prepaid Expenses. (Obj. 1) On August 1, 2018, a sole proprietor pays $24,000 for two years rent. a. How much of the $24,000 can be deducted in 2018 if the cash method is used? b. How much of the $24,000 can be deducted in 2018 if the accrual method is used