Question 49 of 50. Simone owns a rental house that she has rented to various tenants since September of 2001. The backyard fence fell into disrepair in June of 2018, She had it replaced June 27th, 2018, for $9,983. If Simone elects to opt out of special depreciation for the new fence, what is the amount of current depreciation for this asset? $374 O $499 $873 $1,747 Mark for follow up Question 50 of 50. AS a sole proprietor, Roger reports his business income on Schedule C (Form 1040), He used 350 square feet of his 2,100-square-foot rented loft exclusively and regularly for business. Roger used the cash accounting method and had the following income and expenses for his financial planning business: Gross receipts: $34,850 Expenses: Advertising: $85 Business insurance: $785 Business license: $150 Comprehensive health insurance (entire year): $8,988 Office supplies: $67 Postage: $55 Rent (entire year): $13,750 Renter's insurance (entire year): $1,955 Second phone line, exclusively for business: $200 Tax preparation (allocated to business): $450 Utilities (entire year): $3,510. Roger closed his business on April 1, 2018. He had no carryover losses and all assets were fully depreciated. If Roger elects to use actual office-in-home (C expenses, what is the amount of his deduction? $147 $801