A plot of land was purchased for $121500 and had $10000 of past-due property taxes on it. Non-refundable taxes on the purchase were $2000, and the title search cost $400. The capitalized cost of the land was $121500.$131500.$123900.$133900. On July 1, 2023, Blossom Co. purchased some equipment that initially cost $54300. Additional costs included freight costs $200, nonrefundable taxes $6600, and installation $700. Estimated residual value is $1900. The company uses a straight-line rate of 10%. Blossom's fiscal year end is June 30 . What would the depreciation expense be for 2024 if Blossom Co. used the double-decliningbalance method? $11980$6180$12360$12460