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Title: Abby owns a condominium in the Great Smokey Mountains. During the year, Abby uses the condo a total ... Post by: Augustus1 on Jan 9, 2017 Abby owns a condominium in the Great Smokey Mountains. During the year, Abby uses the condo a total of 21 days. The condo is also rented to tourists for a total of 79 days and generates rental income of $12,500. Abby incurs the following expenses:
Expense Amount Mortgage interest $ 4,100 Property taxes 1,900 Utilities 2,200 Insurance 1,200 Depreciation 10,000 Using the IRS method of allocating expenses, the amount of depreciation that Abby may take with respect to the rental property will be A) $ 5,074. B) $ 8,515. C) $ 7,900. D) $10,000. Title: Re: Abby owns a condominium in the Great Smokey Mountains. During the year, Abby uses the condo a ... Post by: Yoko900 on Jan 9, 2017 Content hidden
Title: Re: Abby owns a condominium in the Great Smokey Mountains. During the year, Abby uses the condo a total ... Post by: Augustus1 on Mar 19, 2017 I needed this so bad, I'm laughing right now from happiness
Title: Re: Abby owns a condominium in the Great Smokey Mountains. During the year, Abby uses the condo a ... Post by: Miokiming on Nov 14, 2019 Must be a joke
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