Accounting and the accrual method of accounting

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Reference no: EM133326727

Case: Rebecca is a calendar- year taxpayer who operates a business. She made the following business- related expenditures in December of this year.

Indicate the amount of these payments that she may deduct this year both the cash method or accounting and the accrual method of accounting

$2,500 for new office furniture. The furniture was delivered on January 15 of next year.

Deductible amount (Cash method) =
Deductible amount (Accrual method) =

Reference no: EM133326727

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