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Mackensie owns a condominium in the Rocky Mountains. During the year, Mackensie uses the condo a total of 23 days. The condo is also rented
Mackensie owns a condominium in the Rocky Mountains. During the year, Mackensie uses the condo a total of 23 days. The condo is also rented to tourists for a total of 77 days and generates rental income of $10,900. Mackensie incurs the following expenses in the condo:
Using the court's method of allocating expenses, the amount of depreciation that Mackensie may take with respect to the rental property will be
A) $0.
B) $1,044.
C) $5,796.
D) $11,000
Expense Mortgage interest Property taxes Utilities Insurance Depreciation Amount $5,000 3,500 2,500 1,800 11,000
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