Question

Follen Company is a calendar-year taxpayer. On September 1,

Follen signed a 24-month lease on 3,800 square feet of commercial
office space. Follen paid a $2,580 fee to the real estate agent who
located

Answer 1

The question relates to a business transaction where Follen Company signed a 24-month lease and paid a fee to a real estate agent.

Step-by-step explanation:

The subject at hand concerns a business transaction relating to Follen Company’s lease agreement. Follen Company, a calendar-year taxpayer, entered into a 24-month lease for commercial office space and paid a fee to a real estate agent for the service of finding this location. This topic involves understanding business transactions, specifically those related to leases, real estate, and the associated costs.