1) Revson Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows purchase price, $55,000; broker's fees, $6,000; title search and other fees, $5,000; demolition of an old building on the property, $5,700, digging foundation for the road $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500. List the items and amounts that should be included in the Land account as cost of the land. 2) The Rowland Clinic purchased a new surgical laser for $84,000 on 1/1/2017. The estimated salvage value is $4,000. The laser has a useful life of five years and the clinic expects to use it 10,000 hours. It was used 1,600 hours in year 1; 2,100 hours in year 2; 2,400 hours in year 3; 1,900 hours in year 4; 2,000 hours in year 5. Compute the depreciation for the first year using straight line depreciation. Prepare the journal entry recording this depreciation