A family owns a house that they rent to others to produce income. Since the house is not for their personal use, they may use depreciation as one of the expenses in their calculations to find their net income. The property is being depreciated using the straight$-$line depreciation method.A family owns a house that they rent to others to produce income. Since the house is not for

their personal use, they may use depreciation as one of the expenses in their calculations to

find their net income. The property is being depreciated using the straight$-$line depreciation

method.

Part A: Estimate the basis $($cost$)$ of the rental property.

Basis $=$$

$0$

Part B: Estimate the book value of the property in Year $15.$

Book value at Year $15=$$

Part C: Estimate the book value of the property in Year $25.$

Book value at Year $25=$$