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Question 1 XYZ Realty LLC acquired an office building for $6,000,000. You have been asked to allocate the Land component of the asset. The real

Question 1

  1. XYZ Realty LLC acquired an office building for $6,000,000. You have been asked to allocate the Land component of the asset. The real estate tax bill assesses the land at $1,000,000 and the building at $3,000,000. The amount of allocated land is:
    A.
    $1,500,000
    B.
    $3,000,000
    C.
    $900,000
    D.
    None of the above.

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