QUESTION 20 Taxpayer acquires an office building and the underlying land for $1,450,000 and incurs $50,000 in expenses directly related to the acquisition. Assume the value of the land represents 30% of the total value. The commercial office building also includes carpeting valued at $10,000. How should the costs be properly allocated for tax purposes in determining depreciation? $1,450,000 to the building a. b. $1,500,000 to the building $1,050,000 to the building C. $1,040,000 to the building and $10,000 to the carpeting O d. $1,490,000 to the building and $10,000 to the carpeting e