Carrie-Ann converted her personal home to a rental in 2020 when the building was valued at $233,000. She originally purchased the home and land for $300,000. When purchased, 25% percent of the value was allocated to the land on the county property tax assessment. There have been no improvements or other adjustments to basis since 2020. What is Carrie-Ann's basis for depreciation when converted in 2020?

$174,750

$225,000

$233,000

$300,000