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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Girardo Owns a Condominium in Key West