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Bill Is the Owner of a House with Two Identical

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Bill is the owner of a house with two identical apartments.He resides in one apartment and rents the other apartment to a tenant.The tenant made timely monthly rental payments of $500 per month for the months of January through December,2013.The following expenses were incurred on the entire building:  Utilities $3,600 Maintenance and repairs $800 Insurance on building $600\begin{array}{lr}\text { Utilities } & \$ 3,600 \\\text { Maintenance and repairs } & \$ 800 \\\text { Insurance on building } & \$ 600\end{array} In addition,depreciation allocable to the rented apartment is $1,500.What amount should Bill report as net rental income for 2013?

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Definitions:

Cooperativeness

The willingness of parties in a negotiation or conflict to work together towards a mutual benefit or common goal.

Machiavellianism

A personality trait that involves manipulation and exploitation of others, a cynical disregard for morality, and a focus on self-interest and deception.

Mutual Goals

Objectives shared by all parties in a negotiation or collaborative effort, fostering cooperation and a sense of common purpose.

Distributive Bargaining

A negotiation process focused on dividing a limited amount of resources, where one party's gain is typically another's loss, echoing the principles of distributive negotiations but emphasizing the competitive aspect.

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