45 of 75. When Mauricio's son went to college, he purchased a property for his son near campus for $90,000 with $9,000 of the property value allocated to the land. After his son graduated, Mauricio decided to keep the house for use as a rental. The fair market value at the time of the conversion was $120,000. The basis for depreciation of the house is $81,000 O $111,000 O $120,000