Question: The answer is not 13,500 I need help to find the right answer, please. Petya owns a condominium in the Hilton Head Island, South Carolina.
Petya owns a condominium in the Hilton Head Island, South Carolina. During the year, Petya uses the condo a total of 30 days. The condo is also rented to vacationers for a total of 90 days and generates gross rental revenues of $22,500. Petya incurs the following expenses: Expense Mortgage interest Property taxes Utilities Insurance Depreciation (Annual) Amount $ 12,000 8,000 6,000 2,000 18,000 Using the courts approved method of allocating expenses, the amount of depreciation that Petya may take with respect to the rental property will be (rounded): (Slides 6-21 through 6-26). A) $ 11,568.50 B) $ 12,125.50. C) $13,500.00 D) $18,000.00 Petya owns a condominium in the Hilton Head Island, South Carolina. During the year, Petya uses the condo a total of 30 days. The condo is also rented to vacationers for a total of 90 days and generates gross rental revenues of $22,500. Petya incurs the following expenses: Expense Mortgage interest Property taxes Utilities Insurance Depreciation (Annual) Amount $ 12,000 8,000 6,000 2,000 18,000 Using the courts approved method of allocating expenses, the amount of depreciation that Petya may take with respect to the rental property will be (rounded): (Slides 6-21 through 6-26). A) $ 11,568.50 B) $ 12,125.50. C) $13,500.00 D) $18,000.00
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