An investor purchases a small investment An investor purchases a small investment property for $320,000, which appreciates by 30% over five years. During that time, $25,000 per year is taken in depreciation allowances for tax purposes. What is the adjusted basis of the property at the end of year five?property for $320,000, which appreciates by 30% over five years. During that time, $25,000 per year is taken in depreciation allowances for tax purposes. What is the adjusted basis of the property at the end of year five