Which of the Following Is/are Adjustment(s) to the Basis of Property

Multiple Choice

Which of the following is/are adjustment(s) to the basis of property after the initial basis is determined?
I.Add the costs of protecting ownership of the property.
II.Add the expenditures for painting the company name on the property.
III.Subtract the capital recovery resulting from collections for easements.
IV.Subtract the capital recovery resulting from depreciation deductions.
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A) Only statement IV is correct.
B) Only statements I and III are correct.
C) Only statements III and IV are correct.
D) Only Statements II, and IV are correct.
E) Statements I, II, III, and IV are correct.