3 On November 1, 2021. Spring Lake Co purchased a piece of land with plans to construct a new building No plans for the building will begin until 2022. Au December 31, 2021, the amount of depreciation expense recorded on the land would be equal to O The entire cost of the land would be expensed in 2021 the cost of the land, minus any salvage value, divided by its expected useful life, the cost of the land, divided by its expected useful life. prorated for only 2 months out of 12 in 2021 No depreciatiort expense would be recorded on the land in 2021