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.

$2,000 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.

a)

b) $2,500 for new office furniture. The furniture was delivered on January 15 of next year.

c) $3,000 for property taxes payable on her factory.

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