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, the amount of depreciation that Mackensie may take with respect to the rental property will be
Definitions:
Reverse Stock Split
A corporate action in which a company reduces the number of its current outstanding shares to increase the per-share price, without altering the company's market capitalization.
Liquidity
The measure of how easily assets can be converted into cash without affecting their value.
Residual Dividend Policy
A strategy where a company pays dividends from the residual or leftover equity only after all project capital needs are met.
Dividend Payout Ratios
Dividend payout ratios represent the percentage of a company's earnings paid out to shareholders as dividends, indicating how much money a company returns to shareholders versus retaining it.
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