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Question 44 of 75. When Mauricio's son went to college, he purchased a...

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Accounting

Question 44 of 75.
When Mauricio's son went to college, he purchased a property for his son near campus for $90,000 with $9,000 of the property value allocated to the land. graduated, Mauricio decided to keep the house for use as a rental. The fair market value at the time of the conversion was $120,000. The basis for depreciation of the house is
$81,000
$90,000
$111,000
$120,000
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