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Wendy inherited a beach house in North Carolina (rental only) on January 2, 2022, from her father. The FMV at the fathers death was $850,000.

Wendy inherited a beach house in North Carolina (rental only) on January 2, 2022, from her father. The FMV at the fathers death was $850,000. He had purchased the house 20 years earlier for $100,000. Summer rental income $ 45,000 Repairs 2,500 Real estate taxes 6,500 Utilities 2,400 Depreciation ( please Calculate the depreciation)

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