Can someone help me with 4562 Depreciation and Amortization. See below for description.

Diana owns 20 acres of vacant ground within the city limits of Atlantic City. Diana acquired the land as a gift from her parents on July 1, 2006. The land was valued at $4,000 per acre on the date of the gift. Her parents purchased the land in 1990 at a price of $500 per acre. Diana has held this land as an investment since she received it. On September 15, 2014 Diana exchanged this land with a development company that plans to develop the 20 acres (Diana and the development company are not related). In exchange for the 20 acres, Diana received a condominium in Lubbock that was valued at $160,000. For purposes of depreciation, the building is valued at $120,000 and the land is valued at $40,000. The condominium is located at 2040 College Way, Livingston, NJ 87065.

Maria first rented out the El Mar unit on October 1, 2014. The revenue and expenses from the rental unit from October through December is as follows:

Rental revenue $3,600

HOA fee expense $300

Property taxes paid $225 Utilities expense $350

Utilities expense $350