60.1K
Verified Solution
Link Copied!
You can not sell your personal residence so on 1/1/2019 you rent it out with a two year lease.
The original purchase price was $100,000
You put on a new roof at a cost of $13,000
On 1/1/2019 the fair market value was $90,000.
What is your depreciation expense for 2019 assuming 27.5 years straight line 1/2 month convention?
$3,485 $3,938 $3,136 None of the above
Answer & Explanation
Solved by verified expert
