Apu has decided to start selling pizza at the Kwik-E-Mart. He recently purchased a pizza oven from Springfield Supply. The sticker price was $15 000 and the delivery charge (which the Kwik-E-Mart had to pay) was $400 and the insurance during transit cost $40. While the oven was being delivered, Apus driver received a speeding ticket for $80, which was paid by the Kwik-E-Mart. Installation and testing cost $60. The insurance on the oven for its first year of operations came to $80 and the depreciation expense for the first year was $800. As Apus accountant, you are required to calculate the cost price for the pizza oven. Please be sure to show all of your calculations.

(2) Monty Burns decided to have the employee parking lot at the Springfield Nuclear Power Plant repaved. What account would he debit when he recorded the journal entry? Why would he not debit Land?

Please answer step by step if you can. Thank you!