Question Alyssa is an attorney she maintains a library for use in her profession she also buy technical books and journals for use in her business which of the following is a true is true regarding Alyssa's depreciable property a she can depreciate any books and journal that has useful life that extends sustainably beyond the year she placed them in service be she cannot depreciate her library she can depreciate all of her technical books and journal regarding of useful life she can depreciate her library but none of her technical books and journal Question Dave buys a building for $20,000$ cash and assumes a mortgage of $80,000$ on it what is his basis in the property