A residential property is acquired on the first day of the tax year for a purchase price of $300,000 plus acquisition costs of $15,000. The property is held for five years and sold on the last day of the tax year. Tax Assessment Allocation Percentage Basis Allocation Land $ 60,000 30% $94,500 Improvements + $140,000 70% $220,500 TOTAL Assessments $200,000 a. What is the cost-recovery deduction for each full year of acquisition? b. What is the annual cost-recovery deduction for each full year of ownership? c. What is the cost-recovery deduction for the year of disposition? d. What is the total cost recovery taken during the recovery period?