Taylor, a Cash Basis Architect, Rents the Building in Which

question 18

Essay

Taylor, a cash basis architect, rents the building in which his office is located for $5,000 per month.He commenced his practice on February 1, 2019.In order to guarantee no rent increases during an 18-month period, he signed an 18- month lease and prepaid the $90,000 on February 1, 2019.How much can Taylor deduct as rent expense for 2019?

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