1. This year Joan converted his principal residence to rental property. She bought the home eight years ago for $500,000. She had it appraised for $402,000 when she placed it on the rental market, $12,000 of the value of the home is attributable to the value of the land on which the home is located. If the house was converted on June 30^th of the year, how much depreciation can Joan claim this year?