Brown Inc. purchased an acre of land in Boone for its new Tex-Mex restaurant for $250,000. On July 1 of the current yeam Brown paid $20,000 for paving a parking lot and driveway to its new restaurant. Brown also paid $5,000 for shrubbery, flowers and landscaping. Management estimates that the landscaping and paving work have a useful life of 15 years. Assume the restaurant began business on July 1. What is the correct amount of deprecation expense for the current year? Select one: O a. $1,667 O b. $833 O c. $18,333 O d. $667 Brown Inc. purchased an acre of land in Boone for its new Tex-Mex restaurant for $250,000. On July 1 of the current year Brown paid $20,000 for paving a parking lot and driveway to its new restaurant. Brown also paid $5,000 for shrubbery, flowers and landscaping. What amount should be recorded in the land account? Select one: O a. $275,000 O b. $250,000 O c. $20,000 O d. $25,000