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On January 1, 2022, Daniel Murrow owned a commercial rental property which had an adjusted basis to him of $270,000. Daniel made the following expenditures

On January 1, 2022, Daniel Murrow owned a commercial rental property which had an adjusted basis to him of $270,000. Daniel made the following expenditures during 2022:

Ordinary painting of building $ 6,000

Repair of roof section (useful life not

appreciably extended) 2,440

Expansion to add loading dock 23,800

Property taxes 6,000

What is Daniels basis in the rental property at the beginning of 2023 and how much depreciation would be deductible in 2023?

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