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On January 1, 2013, Batista signed a five year lease to rent office space from Anthony. The lease commenced immediately on January 1, 2013. During 2013, Batista will pay Anthony, $12,000 for the first year's rent, $1,000 for the last month's rent, and $1,000 as a security deposit. Batista and Anthony agree that the security deposit will NOT be returned by Anthony at the end of the lease. How much gross income should Anthony report for 2013 as a result of these items?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946528

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