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An investor bought an office building for $ 1 , 0 0 0 , 0 0 0 and incurred $ 5 0 , 0 0

An investor bought an office building for $1,000,000 and incurred $50,000 in acquisition costs. The county property appraiser assessed the total value of the property at $800,000 of which $200,000 was allocated to land. What is the improvement value the investor can start depreciating?

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