When Mauricio's son went to college, he purchased a property for his son near campus...
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Accounting
When Mauricio's son went to college, he purchased a property for his son near campus for $ with $ of the property value allocated to the land. After his son graduated, Mauricio decided to keep the house for use as a rental. The fair market value at the time of the conversion was $ What is the basis for depreciation of the house?
A $
B $
C $
D $
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