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You purchase land for $100,000, pay $3,000 to a real estate agent, $1,000 in one time taxes, and $4,000 to put up fencing. The amount you can capitalize under Land is: $100,000 $108,000 $104,000 $103,000 You purchase a building for $2,500,000, pay legal fees of $100,000, and pay back taxes of $50,000. You immediately occupy the building and pay $500,000 for renovations. The amount you can capitalize as part of the building is: $3,150,000 $2,650,000 $2,600,000 $2,500,000 With the exception of rate per hour enter all numbers to the nearest dollar. For example 1,956.34 should be input as 1956 Your company buys a tower crane for $900,000 on January 1, 2019. It has a 20 year life, it's expected salvage value is $20,000, and total estimated usage is 25,000 hours. Assuming you use Units of Production: What is the rate per hour you should depreciate the asset by? $ (round your answer to the nearest cent. For example if the answer is 10.251 enter 10.25) Assuming your company uses the crane for 1,500 hours in 2019 what is depreciation expense in 2019? $ What is depreciation in 2020 assuming you use the crane for 1,600 hours? $