に) 832 Hz openingeChttp//2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-BtakeAssignmentSessionlocator-assignment-takešinpro舀다 Accounting & Audit D https://www.irs.gov..DNew York Institute.: Apps: Apps-Graduate SchoolSeeking Truth | GaiaFree online resourc.Dick owns a house that he rents to college students. Dick receives $800 per month rent and incurs the following expenses during the year:Real estate taxesMortgage interestInsuranceRepairsAssociation dues$1,2501,5004255621,500Dick purchased the house in 1978 for $48,000. The house is fully depreciated. Calculate Dick's net rental income for the year, assuming the house was rentRental income9,600 VExpenses1,250Real estate taxesMortgage interestInsurance1,500 v425562 XAssociation Dues1,5004,000 X9,237 XDepreciation361 XNet rental income (loss)Check My Work1 more Check My Work uses remaining0 Type here to search뻬曲

Question
Asked Mar 5, 2019
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I am having an problem with the attached question. How do I calculate the full depreciation on a house in the question that was bought in 1978 and rented out for 12months? Thanks in advance for your help.

 

Tymesha

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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New York Institute.
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Seeking Truth | Gaia
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Dick ow
ns a house that he rents to college students. Dick receives $800 per month rent and incurs the following expenses during the year:
Real estate taxes
Mortgage interest
Insurance
Repairs
Association dues
$1,250
1,500
425
562
1,500
Dick purchased the house in 1978 for $48,000. The house is fully depreciated. Calculate Dick's net rental income for the year, assuming the house was rent
Rental income
9,600 V
Expenses
1,250
Real estate taxes
Mortgage interest
Insurance
1,500 v
425
562 X
Association Dues
1,500
4,000 X
9,237 X
Depreciation
361 X
Net rental income (loss)
Check My Work
1 more Check My Work uses remaining
0 Type here to search
뻬曲
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に) 832 Hz opening eChttp//2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-BtakeAssignmentSessionlocator-assignment-takešinpro 舀 다 Accounting & Audit D htt ps://www.irs.gov .. D New York Institute. : Apps : Apps-Graduate School Seeking Truth | Gaia Free online resourc . Dick ow ns a house that he rents to college students. Dick receives $800 per month rent and incurs the following expenses during the year: Real estate taxes Mortgage interest Insurance Repairs Association dues $1,250 1,500 425 562 1,500 Dick purchased the house in 1978 for $48,000. The house is fully depreciated. Calculate Dick's net rental income for the year, assuming the house was rent Rental income 9,600 V Expenses 1,250 Real estate taxes Mortgage interest Insurance 1,500 v 425 562 X Association Dues 1,500 4,000 X 9,237 X Depreciation 361 X Net rental income (loss) Check My Work 1 more Check My Work uses remaining 0 Type here to search 뻬曲

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In this case, house is fully depreciated. Therefore, Depreciation expense considered as $...

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