I need help please with these questions for accounting homework please help asap it's urgent

What does PPE stand for (in terms of accounting and in reference to the balance sheet

a

Property, Plant, and Equipment

b

Pen and Paper Exercise

c

Personal Protective Equipment

d

Physical and Portable Equipment

Greg Davies Purchased some land. The purchase price of the land was $50,000. He then paid $5,000 in legal fees and for real estate commission. An old warehouse on the land was razed to clear it for use, which cost $2,000. $1,000 was also paid in back taxes for the property and another $3,000 was paid on an insurance policy for the land for 10 years. How much would Greg Davies record as the cost of the land?

Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a

$50,000

b

$56,000

c

$58,000

d

$61,000

Using the units of activity method, what would Taskmaster Inc. record the depreciation expense of the Van to be for Year 1?