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An office property was initially purchased for $ 2 0 million. When purchased, the additional costs associated of initially acquiring the property were $ 4

An office property was initially purchased for $20 million. When purchased, the additional costs associated of initially acquiring the property were $400,000. The accumulated depreciation charged over the holding period has totaled $1.6 million. Recently, capital improvements of $1,400,000 to the property have been incurred. Determine the propertys current adjusted basis.
Group of answer choices
19.1 million
18.1 million
17.1 million
20.2 million

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