Makemore Company purchases a factory for $800, 000.The purchase price is properly allocated 90% to the building and 10% to the land.In the first year, Makemore adds a storage shed to the building at a cost of $8, 000.The utility company pays Makemore $1,500 for an easement to run utility lines across the land.A total depreciation of $45,000 is deducted over the 3 years.Determine the adjusted basis of the building and the land as of the end of year 3:()
A、$728,000 building
B、$78,500 land
C、$683,000 building
D、$80,000 land
E、$683,000 building
F、$78,500 land
G、$728,000 building
H、$80,000 land