Samson and Delilah did not the sell the home they purchased on January 1, 25 years ago, when they were first married. They converted it to a rental home 10 years ago. When they completed the conversion, the home had a fair market value of $85,000 while they originally paid $40,000 on the home 25 years ago.

The land had a $15,000 value 25 years ago and has a fair market value at the time of conversion of $28,000 today. The house is located at 812 E. Lovely Lane, Kearney, NE 68847.

During the current year, Samson and Delilah received $850 a month for each of the twelve months this year in rental income from the tenants and paid the following expenses:

Association dues $400

Insurance $130

Mortgage interest $900

Real estate taxes $1,100

Repairs $320

Utilities $1,440

Depreciation on home ?

How much Depreciation on the rental Property?