Frank Bighouse purchased an old building originally placed in service in 1927 in downtown, Little Havana, for a cost of $50,000. Frank spends $70,000 rehabbing the building so that he may use it for his business. What is Frank's basis in the rehabilitated structure, assuming he met all qualifications for the credit? a. $113,000 b. $120,000 c. $70,000 d. $57,000 e. None of the above.

$113.000 b. 5120,000 570.000 $57000 None of the above