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LINDE Old4Games.com od inc 3/2 3/24/22, 10:43 AM Mark for follow up Realize Your Potential: H&R Block Question 5 of 75. When Lorraine sent her
LINDE Old4Games.com od inc 3/2 3/24/22, 10:43 AM Mark for follow up Realize Your Potential: H&R Block Question 5 of 75. When Lorraine sent her son Aidan to college, she purchased a house near campus for $110,000. Empty lots in the area sold for approximately $10,000 at the time. After Aidan graduated, Lorraine decided to keep the house for use as a rental. The fair market value at the time of the conversion was $171,000, and the price of the land had risen to $20,000. What is the basis for depreciation of the house? $90,000 $100,000 $110,000 $171,000 Mark for follow up Question 6 of 75
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