Question: Hi, please answer the following question and show your work. Thank you and hope you have a good weekend. Question 15 2.3 pts Gabby purchased

Hi, please answer the following question and show your work. Thank you and hope you have a good weekend.

Question 15 2.3 pts Gabby purchased a personal residence in 2016 for $ 300,000 (Land value of $ 40,000, house value of $ 260,000. Gabby made no improvements to this property. In January 2021, Gabby moved into a new house. On 4/20/21, Gabby converted her old house (the one purchased in 2016) to residential rental property. At the time of the change in use, the fair market value of the property was $ 290,000 (Land value of $ 50,000 and house value of $ 240,000). How much will Gabby deduct as depreciation in 2021 (round to the nearest dollar)? $7,470 $4,366 $6.182 $8,726 $6.698

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