Elise, a cash basis taxpayer, contracts with a cleaning service every six months. The service...
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Accounting
Elise, a cash basis taxpayer, contracts with a cleaning service every six months. The service requires payment up front for the six-month contract. In December of Year 1, Elise pays $600 for cleaning service from January through June of Year 2. How much can Elise deduct in Year 1? Pro-rate the contract by month if needed. answer with calculate
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