Bobby Bradt rented his vacation home for 72 days and stayed in his vacation home...
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Accounting
Bobby Bradt rented his vacation home for 72 days and stayed in his vacation home for 18 days. Gross rental income from the property was $8000. He incurred the following expenses: mortgage interest $4000, real estate taxes $1600 utilities $1200 maintenance $750 and depreciation $3100. Compute net rental income or loss
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