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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
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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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