Nordhoff Inc. bought 70% of the outstanding common stock of Zelzah Inc. in a purchase that resulted in the recognition of goodwill. Zelzah owned a piece of land that cost $600,000 but was worth $1,000,000 at the date of purchase. For each of the three concepts described in the chapter(Economic Unit, Parent Company, Proportionate Consolidation ), what value would be attributed to this land in a consolidated balance sheet at the date of takeover?