Mackensie Owns a Condominium in the Rocky Mountains

question 88

Multiple Choice

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

• A)$0.
• B)$1,044.
• C)$5,796.
• D)$11,000

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Definitions:

Original

Pertaining to the first or earliest form of something, often indicating authenticity or uniqueness.

Origin Contract

A contractual agreement specifying the original terms and conditions set forth by the parties involved in a transaction or negotiation.

Risk of Loss

The potential that an investment's value may decrease or that a business may suffer losses.

Transit

The movement of people or goods from one location to another, which can involve multiple modes of transportation such as buses, trains, and ships.