Question
You can not sell your personal residence so on 1/1/2019 you rent it out with a two year lease. The original purchase price was $100,000
You can not sell your personal residence so on 1/1/2019 you rent it out with a two year lease.
The original purchase price was $100,000
You put on a new roof at a cost of $13,000
On 1/1/2019 the fair market value was $90,000.
What is your depreciation expense for 2019 assuming 27.5 years straight line 1/2 month convention?
A. $3,485 B. $3,136 C. $3,938 D. None of the above
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
