Mackenzie owns a condominium in the Great Smokey Mountains. During the year, Mackenzie uses the…

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Mackenzie owns a condominium in the Great Smokey Mountains. During the year, Mackenzie uses the condo a total of 27 days. The condo is also rented to tourists for a total of 73 days and generates rental income of $8,900. Mackenzie incurs the following expenses in the condo:

Expense Amount

Mortgage interest $ 3,000

Property taxes 1,500

Utilities 2,500

Insurance 1,800

Depreciation 11,000

Using the Court method of allocating expenses, the amount of depreciation that Mackenzie may take with respect to the rental property will be:

a. $2,476.

b. $4,861.

c. $7,300.

d. $10,000

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