Michelle Ltd has a building that has just been revalued to its fair value of $300 000.It was initially acquired at a cost of $180 000.The accumulated depreciation for tax purposes is $36 000. The tax rate is 30%.Assuming the expectation is that the asset will continue to be used by the company, what is itstax base?

a.$264 000

b.$46 800

c.None of the given answers.

d.$144 000

e.$180 000