An old building in Manila Net income. Income is expected to decline over the estimated 10 remaining years of the building's useful life. , straight line capital recovery (declining income to the building) is considered . The land is valued at , based on recent sales of . For this type of property, investors want a 10% interest (yield to maturity) rate. How much of the first year's P4,000,000 net operating income is attributable to the land?