In 2014. Ben purchased a house for $295,000. After review of the city's appraisal $20,000 was allocated to the land. He used the house as his personal residence. On February 1st of this year, when the fair market value of the house was $330,000, he converted the house to rental property. What is Ben's depreciation deduction for the year? [Use the tables provided in class} 58.75 59,387 59,864 S10.500 Table 1 3-S, 7, 104, 15, and 20-Year Property Hal Year Convention Derfor pod Jyour 10 20.00 300 1920 10.00 100 3.750 50 077 6.177 57 730 5 5190 58 55 591 5.00 1.481 4.45 13 13 14 15 5.91 5.90 5.01 50 51 201 2.05 551 451 17 18 10 20 4281 21 22 Tablo A-2: 3, 5, 7, 10, 15, and 20-Year Property Mid-Quarter Convention Placed in Service in First Quarter Depreciation for Yo Sy S-yor 7- 10- 58 25.00 175 2 27 20.00 1650 12:15 15.00 15.30 13:20 15 1101 10.00 MOS 110 20 5555 7 000 2.1 73 55 5.900 550 . 4 07 58 5 5150 TA 75 100 50 10 30 59 590 10 18 550 10 17 10 60 50 20 100 21 Page 68 Publication 946 (2016) ory| Pate 09 15% Long Term Cart Thutable Income Ranges Married, Filing Single Married. Paling Jolly Separately Head of Household Ounited Widow on 30 to $40,000 50 to $80.000 50 to $40,000 30 to $53,600 S01 580,000 $40,001 to 450 580,001.10 1490.000 540,001 to 1248,300 153,801 to 1400.00 50.001 to $698,800 34445 and over 5496,301 and over 5245,301 ud over $459.00 and over $495.001 and over Singh 20:30 Tec But Not Pa US 102 SA ST Mund Jointly To Bu Our O S LO 1 1620