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White Corporation leases office space for $6,500 a month every year for the period December 1 through November 30 of the following year. On November
White Corporation leases office space for $6,500 a month every year for the period December 1 through November 30 of the following year. On November 28, 2020, White prepays the $78,000 rent for the period December 1, 2020 through November 30, 2021. How much of this rent payment is deductible in 2020 and 2021?
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