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During the year martin rented his vacation home for three months and spent one month threre. Gross rental income from the property was 5000. Martin incurred the follong expenses:mortgage interest 3000, real estate taxes 1500, utilities 800, maintence 500, depreciation 4000. Compute the allowace deduction for the vacation home

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984094

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