Income in the first year of the lease

Assignment Help Accounting Basics

Reference no: EM13157486

Roger signed for a ten year lease to rent office space from Doug. In the first year, Roger paid Doug 5000 for the first year's rent and 5000 for the rent for the last year of the lease. How much must Doug include in income in the first year of the lease?

a. 0

b. 5000

c. 5500

d. 10000

Reference no: EM13157486

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