Girardo Owns a Condominium in Key West

question 110

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: ​
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:

Public Acts

Laws or legislative decisions that are passed by government and apply to the public as a whole.

Preemptive Power

The authority to act before others to prevent an undesirable outcome, often used in legal or military contexts to describe preemptive measures or actions.

Necessary

Something essential or required for a particular purpose or outcome, often in the context of achieving goals or fulfilling conditions.

Proper Clause

The clause in the U.S. Constitution granting Congress the power to make all laws which shall be necessary and proper for carrying into execution its powers.