Abigail's hobby is sculpting. during the current year, abigail sold three of her sculptures for a total of $3,200. her related expenses include $1,500 in utilities, $1,200 in supplies and $900 in depreciation. of the total expenses incurred, abigail may deducta) $0.b) $1,500 in utilities and $1,200 in supplies. c) $1,500 in utilities, $1,200 in supplies, and $500 in depreciation. d) $1,500 in utilities, $1,200 in supplies and $900 in depreciation.

Option (C) is correct.

Explanation:

Abigail deduct in depreciation:

= Total value of three sculptures - (Utility expenses + Supplies expenses)

= $3,200 - ($1,200 + $1,500)

= $3,200 - $2,700

= $500

Since, it is given that the sculpting is considered as a hobby and we know that hobby expenses are deductible to the extent of hobby income of $3,200.

Further, they are deducted in a specific order :

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