$2.200 on repairs. Over the years, Alexis has deducted a total of $18,440 for deprecation 0,000 rental property that ,000. Ill 2006, Alexis spent $12,000 on landscaping and on the property, Compute Alexiss realized and recognized gain or los on the sal 3. Basket Purchase. (Obj. 1) Leo purchased an apartment building,. Leo paid $300,000 in cash, rchased an apartment building. Leo paid $300,000 in cash, assumed a $200,000 mortgage, and paid the following: Brokerage commission $35,000 Attorney's fee to acquire title 2,000 What is Leo's basis for depreciation on this building if the FMV of the land and building are $100,000 and $400,000, respectively