29- Residential rental property that was placed in service during 2020 using MACRS is depreciated over how many years, using which depreciation method and convention?

40 years, 200%-declining-balance method, half-year convention.

27.5 years, straight-line method, mid-month convention.

39 years, straight-line method, mid-month convention.

15 years, 150%-declining-balance method, half-year convention.

30- Several years ago, Nia paid $160,000 to have her home built on a lot that cost her $10,000. Before changing the property to rental use last year, she paid $20,000 for permanent improvements to the house and claimed a $2,000 casualty loss deduction for damage to the house, which is located in a federally declared disaster area. On the date of change in use, her property has a FMV of $180,000, of which $30,000 is for the land and $150,000 is for the house. Her depreciable basis for the house is

$160,000

$150,000

$180,000

$178,000