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1.1096 11.46% 30 Mr. Clark owns a property he bought for $1.000,000. The land was valued at $220,000 and the structure was valued at $780,000. What is the adjusted cost basis of the property after seven years of ownership using a 39 year depreciable life? $863,600 b. a. $852,800 CO $860,000 $856,400 d. V 4.0