3. Basket Purchase. (Obj. 1) Leo purchased 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? 3. Basket Purchase. (Obj. 1) Leo purchased 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