Question: Please provide the accurate answer to this general accounting problem using valid techniques. Easton Logistics paid $48,000 on January 1, 2024, for a 12-month warehouse

Please provide the accurate answer to this general accounting problem using valid techniques.

Easton Logistics paid $48,000 on January 1, 2024, for a 12-month warehouse rental contract that covers the entire calendar year. Additionally, on October 1, 2024, they paid $12,000 in advance for office space rental covering the next 6 months (October 2024 through March 2025). What is the total rent expense that Easton Logistics should report on its income statement for the year ending December 31, 2024

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