On July $16,2023,$ Logan acquires land and a building for $$500,000$ to use in his sole proprietorship. Of the purchase price, $$400,000$ is allocated to the building, and $$100,000$ is allocated to the land. Cost recovery of $$4,708$ is deducted in $2023$ for the building $($nonresidential real estate$).$Question Content Areaa. What is the adjusted basis for the land and the building at the acquisition date