Danielle has an apartment building that she bought in 1997 for 900,000. The total depreciation taken equals 200,000. In 2018 she traded it with a vacant parking lot having a fair market value of 800,000. This is considered a like-kind exchange. What is her basis in the parking lot?

Question 21 options:

	600,000
	700,000
	800,000
	900,000
	None of the above