Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Nov 2017 My Price 7.00

beach in Rehoboth,

LO7 Matilda owns a condominium on the beach in Rehoboth, Delaware. During the current year, she incurs the following expenses related to the property:

 

Mortgage interest

$8,000

Property taxes

1,750

Utilities

1,050

Maintenance fees

600

Repairs

350

Depreciation  (unallocated)

3,200

Determine the amount of Matilda’s deductions in each of the following cases:

 

 

 

Case

 

Rental Income

 

Rental Days

 

Personal Use Days

 

 

A                         $12,000                    365                            0

B                          $  3,800                      80                        20

C                          $      600                        14                        86

D                         $  9,050                    275                        25

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Nov 2017 09:11 PM My Price 7.00

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