A company incurred the following costs: Purchase price of land Survey fees Payment for demolition of old building on land Back property taxes on land Paving costs for parking lot Fence around perimeter of land Lights in parking lot Signs for new business What is the cost of the land? $300,000 5,000 40,000 5,000 40,000 15,000 90,000 5,000 OA. O B. OC. OD. $300,000 $390,000 $350,000 $345,000 A company incurred the following costs for a new delivery truck: Purchase price Sales tax Delivery charge from seller's location Special racks for storage Normal repairs to the truck before it was used for the first time Signs painted on the truck Insurance on truck before it was used for the first time $140,000 7,700 1,400 3,000 1,100 2,000 3,000 What is the cost of the delivery truck? O A. $149,100 O B. $158,200 O C. $154,100 OD. $151,100 On January 2, 2019, Kaiman Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? OA. $60,000 OB. $50,000 O C. $100,000 O D. $120,000