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To obtain this favorable lease rate she pays the 120000 at

Question - Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On February 1, 2014, she leases an office building to use in her business for $120,000 for an 18-month period. To obtain this favorable lease rate, she pays the $120,000 at the inception of the lease. How much rent expense may Maud deduct on her 2014 tax return?

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Accounting Basics: To obtain this favorable lease rate she pays the 120000 at

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Accounting Basics: To obtain this favorable lease rate she pays the 120000 at

Reference No:- TGS02826940

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