U Mark for follow up Question 68 of 75. When Marcus' daughter went to college, he purchased a property near campus for $95,000 for her. At the time, the property tax assessment allocated 10% of the property value to the land. After his daughter graduated, Marcus decided to keep the house for use as a rental. The fair market value at the time of the conversion was $140,000, but now the tax assessment allocated 35% to land value. The basis for depreciation of the house is $85,500 $91,000 $95,000 O $140,000 for follow up U Mark Tor TONOW up Question 69 of 75. Which of the following statements about basis is TRUE? O Bonus/special depreciation decreases basis. Basis is not impacted by casualty losses. O Basis is not impacted by the Section 179 deduction O Depreciation can decrease basis below zero. Mark for follow up