Shanna, a calendar year and cash basis taxpayer, rents property to be used in her...

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Accounting

Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from Janice. As part of the rental agreement, Shanna pays $21,400 rent on April 1,2024, for the 12 months ending March 31,2025.
Do not round any division.
a. How much is Shanna's deduction for rent expense in 2024?
$_________Feedback
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A taxpayer's accounting method is a major factor in determining taxable income. The method used determines when an item is includible in
income and when an item is deductible on the tax return._
b. Assume the same facts, except that the $21,400 is for 24 months' rent ending March 31,2026. How much is Shanna's deduction for rent expense in 2024?
$____________
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