Which of the listed statements is correct?

A A distributions made by a corporation consisting of capital stock of another corporation is non taxable.

B In computing basis for each new block of stock received as result of a nontaxable dividend, it is immaterial whether the stock received is identical or not to the old stock

C$.$ If a stock dividend is taxable, the basis of the old stock will not change

D If a taxpayer receives nontaxable stock rights and allows them to expire, he$/$she will be entitled to a tax deduction for the basis of the rights

E All of the listed statements are incorrect

On July $29,203,$ Bill Baxter purchased residential real estate $($apartment$)$ at a total cost of $$900,000.$ Of this amount, $$100,000$ was allocated to the underlying land. What is Bill's allowable depreciation deduction for tax year $2017?$

$\backslash$table$[[$A$,$$$32,730$