In january of year 0, justin paid $4,800 for an insurance policy that covers his business property for accidents and casualties. justin is a calendar-year taxpayer who uses the cash method of accounting. what amount of the insurance premium may justin deduct in year o in each of the following alternative scenarios? a) the policy covers the business property from april 1 of year o through march 31 of year 1. b) the policy begins on february 1 of year 1 and extends through january 31 of year 2. c) assume justin paid s6,ooo for a 24-month policy that covers from april 1, year o through march 31, year 2. d) assume that instead of paying an insurance premium, justin paid s4,800 to rent his business property from april 1 of year o through march 31 of year 1.