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Lastly, Chris and Stefani own a 3-bedroom cabin in Big Bear Lake (they bought it in January of 2005 for $300,000). The address is 3105

Lastly, Chris and Stefani own a 3-bedroom cabin in Big Bear Lake (they bought it in January of 2005 for $300,000). The address is 3105 Stonehedge Road, Big Bear Lake, CA 92315. They did not use the property forpersonal use at any time during the year. The revenue and expenses for the Big Bear Lake rental property are as follows:

Rental income $18,000

Expenses:

Insurance $ 1,200

Property taxes 2,500

Auto (standard mileage) 267

Management fees 1,600

Repairs and maintenance 1,100

Mortgage interest 9,000

Depreciation : calculate

Utilities 450

I need help calculating the depreciation amount

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