Marlene is a single taxpayer with an adjusted gross income of $140,000.In addition to her personal residence,Marlene owns a ski cabin in Vail.She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days,receiving rent of $10,000.Marlene's costs before any allocation related to the cabin are as follows:

$\begin{array} {lr }
\text { Mortgage interest and property taxes } &\$ 9,000 \
\text {Utilities, maintenance, and repairs } &4,500 \
\text { Depreciation } &6,000
\end{array}$
Based on the above information,what is her allowable depreciation deduction?
A)$ - 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Question

Marlene is a single taxpayer with an adjusted gross income of $140,000.In addition to her personal residence,Marlene owns a ski cabin in Vail.She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days,receiving rent of $10,000.Marlene's costs before any allocation related to the cabin are as follows:

$\begin{array} {lr } 
 \text { Mortgage interest and property taxes } &\$ 9,000 \
 \text {Utilities, maintenance, and repairs  } &4,500 \
 \text { Depreciation } &6,000
\end{array}$
Based on the above information,what is her allowable depreciation deduction?
A)$ - 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Quizplus · Accepted Answer

The Answer of Marlene is a single taxpayer with an adjusted gross income of $140,000.In addition to her personal residence,Marlene owns a ski cabin in Vail.She uses the cabin for 40 days during the current year and rents it out to unrelated parties for 80 days,receiving rent of $10,000.Marlene's costs before any allocation related to the cabin are as follows:

$\begin{array} {lr } 
 \text { Mortgage interest and property taxes } &\$ 9,000 \
 \text {Utilities, maintenance, and repairs  } &4,500 \
 \text { Depreciation } &6,000
\end{array}$
Based on the above information,what is her allowable depreciation deduction?
A)$ - 0 -
B)$1,000
C)$3,000
D)$4,000
E)$6,000

Marlene Is a Single Taxpayer with an Adjusted Gross Income