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Fox River LLC owns a 1 6 0 - unit multifamily apartment complex in Charlotte, NC . The value allocated to the land is $

Fox River LLC owns a

160 -

unit multifamily apartment complex in Charlotte, NC

.

The value allocated to the land is $

4, 600, 000.00 .

The annual depreciation is $

669, 090.90 .

What percentage of the purchase price is allocated to the land?

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