The Value of a Property Can Be Thought of as Having

The value of a property can be thought of as having two components, a land component and a building component. Since the land component of the original cost basis is not depreciable, it is important to understand how much of the property's value is typically attributed to the land for tax purposes. As a general rule, the value of land constitutes what percentage (expressed as a range) of the total value of a commercial property?

A) 0% to 10%
B) 10% to 30%
C) 30% to 50%
D) 50% to 70%