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

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Accounting

Mackensie owns a condominium in the Great Smokey Mountains. During the year, Mackensie uses the condo a total of 21 days. The condo is also rented to tourists for a total of 79 days and generates rental income of 12,500. Mackensie also incurs the following expenses:

Mortgage interest 4,100, property taxes 1,900, Utiites 2,200, insurance 1,200, depreciation 10,000

Using the IRS method allocating expenses, calculate the amount of depreciation that Mackensie may take with respect to the rental property.

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