Holly purchased a house in 1990 for $390.000 (of which 550.000 is for the land). In March of 2019 she decided to relocate to the weshe did not seen her house and converted the property into a rental property. The tar market value at the time of the conversion was 5500 000 fot w 100.000 is for the land) Required Calcutate the depreciation expense for 2020 Holly purchased a house in 1999 for $390,000 (of which $50,000 is for the land). In March of 2019 she decided to relocate to another state. She did not sell he house and converted the property into a rental property. The fair market value at the time of the conversion was $500,000 (of which $100,000 is for the land) Required Calculate the depreciation expense for 2020