If Rubi has a residential rental property and is going to depreciate it in her tax return. What is the depreciable life of the land? \begin{tabular}{l} 0 \\ \hline 31.5 \\ \hline 27.5 \\ \hline 39 \\ Question 11 \\ What dollar amount exceeds the dollar to dollar phase out when it comes to organizational expenditures \\ and start up costs? \\ \hline$10 pts \\ \hline$5,000 \\ \hline 50,000 \\ \hline 55,000 \end{tabular} Question 12 5 pts Anakin Skywalker, has working interest in oil and gas wells. He has oil gross income in the amount of $100,000. He has production taxes of $10,000, lease operating expenses of $5,000. What is his net income? Keep in mind percentage depletion. $70,000$75,000$85,000