Purchase price in 2010 - 200000 (160k building, 40k land)
Improvements added - 50k
Total invested 250k
Rented in 2023, accessed value is 425k (225k building, 200k land)
Land value % in 2010 - 20%
Land value % in 2023 - 47%
cost basis based on 2010 land value % - 200k
cost basis based on 2023 land value % - 132.5k
which one is the correct value to use?
