CPA Associates, a cash-basis partnership with a calendar tax year, signs a contract for a 30-month subscription to an online tax research service, effective as of November 1. The firm pays the full $15,000 subscription bill on the November 1, 2018 subscription start date. For 2018 the firm can deduct
A. $7,500.
B. $1,000.
C. $2,000.
D. $15,000.
Answer: B
Business
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