XYZ Company, a calendar year taxpayer, paid $6,500,000 for an office building and allocated $500,000 of the cost to the land. XYZ place the realty in service on November 11. XYZ has $100,000 taxable income in both Year 1 and Year 2. Compute XYZ's adjusted tax basis at the end of year 2 for the office building without the land.