Mort Is the Owner of an Apartment Building Containing Ten

question 73

Multiple Choice

Mort is the owner of an apartment building containing ten identical apartments. Mort resides in one apartment and rents out the remaining units. For 2019, the following information is available: $\begin{array}{lr}\text { Gross rents } & \$ 21,600 \\\text { Utiliti es for total building } & 2,500 \\\text { Maintenance and repairs (rental apartments only) } & 1,050 \\\text { Advertising for vacant ap artments } & 300 \\\text { Depreciation of building (all ten units) } & 4,000\end{array}$ What amount should Mort report as net rental income for 2019?

• A)$12,750
• B)$13,500
• C)$13,750
• D)$14,400
• E)None of these

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