Marlene is a single taxpayer with an adjusted gross income of $140,000. In addition to her personal residence, Marlene owns a ski cabin in Vail. She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days, receiving rent of $10,000. Marlene's costs before any allocation related to the cabin are as follows:
?
$$\begin{array} { l r }
\text { Mortgage interest and property taxes } & \$ 9,000 \
\text { Utilities, maintenance, and repairs } & 4,500 \
\text { Depreciation } & 6,000
\end{array}$$
Based on the above information, what is her allowable depreciation deduction?
A)$- 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Question

Marlene is a single taxpayer with an adjusted gross income of $140,000. In addition to her personal residence, Marlene owns a ski cabin in Vail. She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days, receiving rent of $10,000. Marlene's costs before any allocation related to the cabin are as follows:
?
$$\begin{array} { l r } 
\text { Mortgage interest and property taxes } & \$ 9,000 \
\text { Utilities, maintenance, and repairs } & 4,500 \
\text { Depreciation } & 6,000
\end{array}$$
Based on the above information, what is her allowable depreciation deduction?
A)$- 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Quizplus · Accepted Answer

The Answer of Marlene is a single taxpayer with an adjusted gross income of $140,000. In addition to her personal residence, Marlene owns a ski cabin in Vail. She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days, receiving rent of $10,000. Marlene's costs before any allocation related to the cabin are as follows:
?
$$\begin{array} { l r } 
\text { Mortgage interest and property taxes } & \$ 9,000 \
\text { Utilities, maintenance, and repairs } & 4,500 \
\text { Depreciation } & 6,000
\end{array}$$
Based on the above information, what is her allowable depreciation deduction?
A)$- 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Marlene Is a Single Taxpayer with an Adjusted Gross Income