Dunn Company Bought an Old Building in Downtown Lafayette for $75,000.The

Multiple Choice

Dunn Company bought an old building in downtown Lafayette for $75,000.The land was not purchased;it is being leased.The building was originally placed into service in 1918.Dunn spends $100,000 to rehabilitate the building with the intent to develop a microbrewery on the site.The company retained 80% of the external and internal walls and framework.Assume the amount of the older building rehabilitation credit Dunn can claim is $10,000.What is the basis in the building for depreciation purposes?

A) $100,000
B) $145,000
C) $105,000
D) $165,000
E) $175,000