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Mort Is the Owner of an Apartment Building Containing Ten

question 9

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Mort is the owner of an apartment building containing ten identical apartments.Mort resides in one apartment and rents out the remaining units.For 2018, the following information is available:  Gross rents $21,600 Utilities for total building 2,500 Maintenance and repairs (rental apartments only)  1,050 Advertising for vacant apartments 300 Depreciation of building (all ten units)  4,000\begin{array} { l r } \text { Gross rents } & \$ 21,600 \\\text { Utilities for total building } & 2,500 \\\text { Maintenance and repairs (rental apartments only) } & 1,050 \\\text { Advertising for vacant apartments } & 300 \\\text { Depreciation of building (all ten units) } & 4,000\end{array} What amount should Mort report as net rental income for 2018?


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HIV Diagnosis

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