Abby Owns a Condominium in the Great Smokey Mountains

question 78

Multiple Choice

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 rental property will be

• A)$ 5,074.
• B)$ 8,515.
• C)$ 7,900.
• D)$10,000.

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