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: Using the IRS method of allocating expenses, the amount of depreciation that Abby may take with respect to the property will be

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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:  Using the IRS method of allocating expenses, the amount of depreciation that Abby may take with respect to the property will be

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The Answer of 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:  Using the IRS method of allocating expenses, the amount of depreciation that Abby may take with respect to the property will be

Abby Owns a Condominium in the Great Smokey Mountains