Question $44$ of $75.$

When Mauricio's son went to college, he purchased a property for his son near campus for $$90,000$ with $$9,000$ of the property value allocated to the land. graduated, Mauricio decided to keep the house for use as a rental. The fair market value at the time of the conversion was $$120,000.$ The basis for depreciation of the house is

$$81,000$

$$90,000$

$$111,000$

$$120,000$