Which of the following elements are included in the calculation of assessable value for property tax purpose? 1. Irrecoverable rent recovered by the owner. 11. Owner's expenditure borne by the tenant. iII. Lump sum premium paid by the tenant in respect of the lease of the property. IV. Service charges paid to the owner in respect of the provisions of any services or benefits in connection with the use of the property. Select one: a. C, III and IV only. b. All of the above. c. I and III only. d. I. II and III only