Question

Mark for follow up Question 49 of 75. Mario purchased a rental house on March 1 of last year. It was vacant when she bought it. She decided to paint the interior and install new carpeting before showing the property to potential tenants. The work was completed on April 11. That same day, Marie put out a vacancy sign and began showing the property to prospective tenants. She received a signed lease from a new tenant on May 28, and the tenant moved in on June 1. For depreciation purposes, what is the date Marie placed this rental property in service? O March 1. O April 11. O May 28 O June 1. Mark for follow up Question 50 of 75

Answer 1

Gya solution : option 2 is correct Explanation & The work was completed on April and On that day pooperty was ready to put on rental. Hence, for depreciation purpose the date marie placed this rental property in service is April la march 1 is purchased Jane a is lease stast date. date. 2 is correct and Hence option are incorrect other options