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In: AccountingDuring 2019, Peter rented his vacation home for 90 days andspent 30 days. Gross rental...During 2019, Peter rented his vacation home for 90 days andspent 30 days. Gross rental income from the property was $15,000.Peter incurred the following expense:Mortgage and Real Estate taxes 9000Utilities 2500Repairs and Maintenance 1200Depreciation 4000Using IRS method for vacation home, compute Peters deduction forthe vacation home1. Total mortgage interest and real estate taxes allocated tovacation home?2. Total utilities allocated to vacation home?3. Total repairs allocated to vacation home?4. Total depreciation allocated to vacation home?5. What is the net profit on the rental using IRS method?Using the court method for vacation home, compute Petersdeduction for the vacation home1. Total mortgage interest and real estate taxes allocated tovacation home?2. Total utilities allocated to vacation home?3. Total repairs allocated to vacation home?4. Total depreciation allocated to vacation home?5. What is the net profit on the rental using IRS method?Please explain how to caculate that.