Lucy purchased a vacant rental house on April 2, 2022. That same day, Lucy put...
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Lucy purchased a vacant rental house on April 2, 2022. That same day, Lucy put out a "for rent" sign and began showing the property to prospective tenants. She finally received a signed lease from a new tenant on May 28. However, the tenants asked Lucy to paint the interior before they moved in. The work was completed on June 1, and the tenants moved in on June 15, 2022. For depreciation purposes, what is the date Lucy placed this rental property in service? April 2, 2022. May 28, 2022. June 1, 2022. June 15, 2022
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