Reflection Cove Apartments purchased land and a building for the lump sum of $4.1 million. To get the maximum tax deduction, Reflection Cove managers allocated 90% of the purchase price to the building and only 10% to the land. A more realistic allocation would have been 70% to the building and 30% to the land. Required 1. Explain the tax advantage of allocating too much to the building and too little to the land. 2. Was Reflection Cove's allocation ethical? If so, state why. If not, why not? Identify who was harmed.