In 2017, Jos purchased a house for $188,100. He used the house as his personal residence. In August 2020, when the fair market value of the house was $354,700, he converted the house to rental property. If required, round your answers to the nearest dollar. Click here to access depreciation tables in the textbook. a. Jos's basis for cost recovery for the property is s! 188,100 b. Under MACRS, the cost recovery period for residential rental real estate is 27.5 years, and it is subject to the mid-month convention. C. The cost recovery for 2020 is S 5,417 X. Asunny ani cai CVCHILIVIT (RCICCI Lay nalas) 9 For Property Placed in Service after December 31, 1986 Recovery 3-Year 5-Year 7-Year 10-Year Year 15-Year 20-Year (200% DB) (200% DB) (200% DB) (200% DB) (150% DB) (150% DB) 1 33.33 20.00 14.29 10.00 5.00 3.750 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81" 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52" 12.49 11.52 7.70 6.177 5 11.52 8.93 9.22 6.93 5.713 6 5.76 8.92 7.37 6.23 5.285 7 8.93 6.55 5.90 4.888 8 4.46 6.55 5.90 4.522 6.56 5.91 4.462" 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 18 4.461 19 4.462 20 4.461 21 2.231 er to straight-line depreciation