Workout Problem 8: Larson owns a vacation home in Nantucket, MA. He spends 30 days there and rents it out for 70 days. Below is the rents received as well as expenses related to the home in 2019. What amount of depreciation expense can be deducted by Larson in the current year--if any? Enter a value and in positive form Rent Payments Property Taxes Mortgage Interest Repairs and Maintenance $16,000 $5,000 $7,000 $6,000 $3,000 Insurance Depreciation $8,000