William bought a new home and decided to convert his original home into a rental. At the time it was rented, the adjusted basis of the rental home was $ 125,000, including a land value of $ 20,000. The FMV was $ 250,000, including a land value of $ 40,000. He advertised the house for rent on June 1, 2017, and it was rented June 15, 2017. What is the depreciation for the first year.

1) $ 2,069 2) $ 2,463 3) $ 4,137 and 4) $ 4,925