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Discussion Question 13-6 (L0. 4) On July 16, 2019, Logan acquires land and a building for $500,000 to use in his sole proprietorship. 0f the purchase price, $400,000 is allocated to the building, and $100,000 is allocated to the land. Cost recovery of $4,?03 is deducted in 2019 for the building (nonresidential real estate). a. What is the adjusted basis for the land and the building at the acquisition date? mm s: Building s: b. What is the adjusted basis for the land and the building at the end of 2019? mm s: Building s