In May 2018, you placed in service your first apartment rental complex which you bought for $650,000 put in another $50,000 in renovations and paid your real estate broker a commission of $25,000. The real estate broker estimated the land value by itself at $125,000. How much is your depreciation expense for 2018?

a. $13,070

b. $16,479

c. $13,638

d. $15,456