eBook Calculator Exercise 11 29 (Algorithmic) (LO. 4,5) Zhou owns a nonrental business with two separate departments, Department A generates net income of $161,600, and Department B generates a net loss of $129,280. Zhou participates 800 hours in the operations of Department A and 300 hours in the operations of Department B. If Zhou is allowed to treat the departments as components of a single activity, calculate the amount of the Department loss that can be offset against the income from Department in the current year. Teacheck Check My Work To understand the meaning of the term passive activity and the impact of the rules, one must address the following issues, each of which is the subject of statutory or administrative guidance: What constitutes an activity? - What is meant by material partidpation? When is an activity a rental activity? Check My Work Previous Next O a 10:58 PM 10/11/2020 hp