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The Portion of a Group Purchase of Land and a Build-Up

Question 5

Multiple Choice

The portion of a group purchase of land and a build-up for $651,000 allocated to land when the land is appraised at $170,000 and the building on the land is appraised at $510,000, is


A) $498,250.
B) $162,750.
C) $172,750.
D) $488,250.

Correct Answer:

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