To be tax deductible by an accrual-basis taxpayer,an expense must be all of the following except

Name: To be tax deductible by an accrual-basis taxpayer,an expense must be all of the following except
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An expense does not have to be paid in cash to be tax deductible by an accrual-basis taxpayer. It can also be incurred through the use of credit or other methods. However, it must still meet the other requirements of being ordinary, necessary, reasonable in amount, and an expense of the taxpayer.

To Be Tax Deductible by an Accrual-Basis Taxpayer,an Expense Must