Justina owns a cottage that he purchased in 2010 for $330,000, with $100,000 of this amount reflecting the value of the land. On January 1, 2019, this cottage is converted to a rental property. At the time of conversion, it is estimated that the cottage has a fair market value of $600,000, with $150,000 of this amount reflecting the value of the land. For 2019, rental income, net of all expenses except CCA equals $30,200. What is the UCC of the rental property for 2019?

Select one:

a. $ 450,000.

b. $340,000.

c. $230,000.

d. $600,000.