Brad Operates a Storage Business on the Accrual Method

Brad operates a storage business on the accrual method. On July 1 Brad paid $48,000 for rent on his storage warehouse and $18,000 for insurance on the contents of thewarehouse. The rent and insurance covers the next 12 months. What is Brad's deduction for the rent and insurance?

A) $48,000 for the rent and $9,000 for the insurance.
B) $24,000 for the rent and $18,000 for the insurance.
C) $24,000 for the rent and $9,000 for the insurance.
D) $48,000 for the rent and $18,000 for the insurance.
E) None of the choices are true.