Mathematics, 06.08.2019 00:30, zach238

Brad operates a storage business on the accrual method. on july 1 brad paid $48,000 for rent on his storage warehouse and $18,000 for insurance on the contents of the warehouse. the rent and insurance covers the next 12 months. what is brad's deduction for the rent and insurance?
a. $48,000 for the rent and $18,000 for the insurance. b. $24,000 for the rent and $18,000 for the insurance. c. $24,000 for the rent and $9,000 for the insurance. d. $48,000 for the rent and $9,000 for the insurance. e. none of these is true.

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Brad operates a storage business on the accrual method. on july 1 brad paid $48,000 for rent on his...