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