Question: On July 1 , 2 0 2 3 , Tea, Inc. paid $ 1 9 , 5 0 0 for a service contract that covers

On July 1,2023, Tea, Inc. paid $19,500 for a service contract that covers their office computers, printers, and copiers from July 1,2023 through December 31,2024. How much of the payment can Tea, Inc. deduct in 2023 if the company uses the cash method of accounting?
On July 1,2023, Tea, Inc. paid $19,500 for a service contract

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