Answered: Depreciation on rental property is an…

Depreciation on rental property is an A. expense deductible against income B. out-of-pocket expense to the owner. C. Item which must be capitalized. D. Itemized one-time deduction.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter16: Real Estate And High-risk Investments

Section16.2: Take Advantage Of Beneficial Tax

Problem 1CC

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Question

Depreciation on rental property is an

A. expense deductible against income

B. out-of-pocket expense to the owner.

C. Item which must be capitalized.

D. Itemized one-time deduction.

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