13On January 2, 2017, Kaiman Corporation acquired equipment for $700,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2018, if Kaiman Corporation uses the straightline method ofdepreciation?

$140000

$276000

$280000

$138000

4Land is purchased for $400,000. Back taxes paid by the purchaser were $6,900; total costs to demolish an existing building were $13,000 and the cost to clear the land was $18,000. The cost of paving the parking lot was $7,200. The cost of land is ________ and the cost of land improvements is ________.

$419900; $25200

$437900; $7200

$445100; $0

$438200; $6900