Girardo Owns a Condominium in Key West

question 20

Multiple Choice

Girardo owns a condominium in Key West.During the year,Girardo uses the condo a total of 22 days.The condo is also rented to vacationers for a total of 78 days and generates rental income of $24,000.Girardo incurs the following expenses before allocation:
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The amount of depreciation that Girardo may deduct with respect to the rental property is

• A)$7,300
• B)$9,960
• C)$14,040
• D)$17,160
• E)$22,000

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Definitions:

Doctoral Program

An advanced academic program leading to the award of a doctorate degree, such as a PhD, emphasizing original research and scholarship in a specific field.

Functional Impaired

Pertains to individuals who experience difficulty in performing everyday tasks due to physical, mental, or emotional disorders.

Physical Therapy

A branch of rehabilitative health that uses specially designed exercises and equipment to help patients regain or improve their physical abilities.

Functional Limitations

Restrictions in the ability to perform tasks in the manner or within the range considered normal for a human being, often due to disability or illness.