A company purchased property for $290000. The property included an acre of land valued at $45000, a building valued at $145000, and equipment valued at $120000. The above transaction may be referred to as a fair value purchase. long-lived asset purchase. property purchase. O basket purchase. The cost of property, plant, and equipment includes all of the following items EXCEPT annual maintenance. purchase price. installation fee. O freight charges. A company purchased property for $280000. The property included an acre of land valued at $40000, a building valued at $148000, and equipment valued at $132000. The building will be recorded at a cost of (Round intermediate calculation to 3 decimal places and final answer to O decimal places. e.g. 1,250.) $132000. $148000. $280000. $129500. The Canada Revenue Agency (CRA) requires companies to calculate depreciation for income tax purposes using: straight-line depreciation. capital cost allowance. double diminishing-balance depreciation. O units-of-production depreciation