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SMI Corp purchased a basket of assets including land, buildings and machinery for a lump sum of $30,000,000. If SMI wants to allocate the purchase

SMI Corp purchased a basket of assets including land, buildings and machinery for a lump sum of $30,000,000. If SMI wants to allocate the purchase cost to the assets in a manner that will minimize taxes, SMI would want to assign as little cost as possible to which asset?

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