Mackensie Owns a Condominium in the Rocky Mountains Using the Court's Method of Allocating Expenses and Assuming a Uses
Mackensie owns a condominium in the Rocky Mountains.During the year,Mackensie uses the condo a total of 23 days.The condo is also rented to tourists for a total of 77 days and generates rental income of $10,900.Mackensie incurs the following expenses in the condo: Using the court's method of allocating expenses and assuming a 365-day year,the amount of depreciation that Mackensie may take with respect to the rental property will be
A) $0.
B) $1,044.
C) $5,796.
D) $11,000
Correct Answer:
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