23. Rhonda rented her vacation home for 30 days when the Winter Olympics were held in the city. She received rent revenue was $8,000 which was a fair rental rate during this tourist season. She lived in the home 30 days. She paid a total of $7,300 for taxes and mortgage interest on the home. She paid utility expense and repair expense totaling $4,000. Total depreciation on the home is $8,000 per year. How much depreciation expense will she report on Schedule E for this rental property for 2020? $7,400 $2,400 $3,400 $4,000 23. Rhonda rented her vacation home for 30 days when the Winter Olympics were held in the city. She received rent revenue was $8,000 which was a fair rental rate during this tourist season. She lived in the home 30 days. She paid a total of $7,300 for taxes and mortgage interest on the home. She paid utility expense and repair expense totaling $4,000. Total depreciation on the home is $8,000 per year. How much depreciation expense will she report on Schedule E for this rental property for 2020? $7,400 $2,400 $3,400 $4,000