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10. Uma is engaged in a not-for-profit activity. The income and expenses of the activity are as follows: Gross income $3,300 Less Expenses: @ @

10. Uma is engaged in a not-for-profit activity. The income and expenses of the activity are as follows: Gross income $3,300 Less Expenses: @ @ . . Real estate taxes $600 Home mortgage interest $1,000 Insurance $500 Utilities $600 Maintenance $300 Depreciation on an automobile $600 Depreciation on a machine $300 Total expenses $3,900 Loss $600 . $200 $300 250,000 3 The amount of allowable depreciation for the machine only is: . $0 . $100 $30.000 using borrowed funds. The
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10. Uma is engaged in a not-for-profit activity. The income and expenses of the activity are as follows: Gross income $3,300 Less Expenses: - Real estate taxes $600 - Home mortgage interest $1,000 - insurance $500 - Urilities $600 - Maintenance $300 - Depreciation on an automobile $600 - Depreciation on a machine $300 - Total expenses $3,900 3 - Loss $600 The amount of allowable depreciation for the machine only is: - $200 - $300 - $0 - $100

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