$21-24.$ The following is a hobby:

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Income$$ $$27,000$

Expenses allocable to hobby$$

Mortgage Interest and

property taxes$$$ $12,000$

Depreciation $$ $$6,000$

Supplies and fees$$ $ $10,000$

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In order to calculate the net income from the hobby, the order of the deductions is:

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Group of answer choices

Supplies and fees, interest and taxes, depreciation.

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$$Interest and taxes, supplies and fees, depreciation.

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None of these.

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Interest and taxes, depreciation, supplies and fees.

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Depreciation, interest and taxes, supplies and fees.

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