Argyle Corp. purchased a tract of land, a small office (4) building, and some equipment for \(\$ 1,500,000\). The appraised value of the land was \(\$ 850,000\); the building, \(\$ 675,000\); and the equipment, \(\$ 475,000\). What is the cost of the land?

a. \(\$ 850,000\)

b. \(\$ 637,500\)

c. \(\$ 482,776\)

d. None of the above