Edna purchased a piece of real estate 20 years ago for $50,000. She made a few improvements to the land over the borrowed $350,000 to build a warehouse on the land. Edna took $50,000 of depreciation deductions on the building. dna became terminally ill and decided to gift the land and warehouse to her son, Frank. At the time of the git, the property was worth sa?oo what is Franks basis in the property? O a $420,000 years at a cost of $20,000. Last year, she Ob $400,000 C$370,000 d $350,000