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1 November, 16:19

Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior:

Personally stayed in the home for 19 days.

Rented it to his favorite brother at a discount for 11 days.

Rented it to his least favorite brother for twelve days at the full market rate.

Rented it to his friend at a discounted rate for fourteen days.

Rented the home to third parties for 72 days at the market rate.

Did repair and maintenance work on the home for two days.

Marketed the property and made it available for rent for 156 days during the year (in addition to the days mentioned above).

How many days of personal use and how many days of rental use did Junior experience on the property during the year?

Days of personal use?

Days of rental use?

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Answers (1)
  1. 1 November, 16:33
    0
    1) 19 days

    2) 109 days

    Explanation:

    1. Days of personal use = days in which he stayed in the house = 19

    2. Days of rental use = actual days which was played for out days for elligible rent.

    Where Fbr = favorite brother rent days = 11

    Fbl = least favorite brother rent days = 12 days

    Rfb = days of rent to friend = 14

    Tpr = third party rent days = 72

    Days of rental use = Fbr + Fbl + Rfb + Tpr = 11 + 12 + 14 + 72 = 109days
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