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A farm was purchased for $1,000,000, which included land, buildings, and improvements. The market value for the land was $550,000, for the buildings was $450,000,
A farm was purchased for $1,000,000, which included land, buildings, and improvements. The market value for the land was $550,000, for the buildings was $450,000, and for the improvements was $50,000. Determine the amount to allocate to the land. (enter rounded to the nearest whole number)
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