Farley Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $70,000; broker's fees, $6,000; title search and other fees, $5,000; demolition of an old building on the property, $5,700; grading, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500. List the items and amounts that should be included in the Land account. s $ - - " B supPORT eTextbook and Media Save for Later Attempts: 0 of 3 used Iverson Company purchased a delivery truck for $45,000 on January 1, 2021. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2021 and 2022. Depreciation expense for 2021 $ Depreciation expense for 2022 $ eTextbook and Media Save for Later Attempts: 0 of 3 used SUPPORT On January 1, 2021, Petersen Enterprises purchased natural resources for $1,800,000. The company expects the resources to produce 12,000,000 units of product. What is the depletion cost per unit? (Round answer to 2 decimal places, e.g. 52.75.) Depletion cost per unit $ eTextbook and Media If the company mined and sold 20,000 units in January, what is depletion expense for the month? Depletion expense for January $ eTextbook and Media