Lancelot owns a cabin that he rented for 4 months and lived


Lancelot owns a cabin that he rented for 4 months and lived in for 2 months. Lancelot received $6,000 in rental income. Lancelot's total expenses were as follows: Depreciation $3600, Maintenance $200, Utilities $500, Taxes $1100, Interest $2400. What is Lancelot's depreciation deduction on the IRS method of allocating expenses? 

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Financial Accounting: Lancelot owns a cabin that he rented for 4 months and lived
Reference No:- TGS01594770

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