I need help with the question in the attached PDF.

Thank you!

How does the purchase of the tract affect the balance sheet? The purchase of the land [(A) increases, (B) decreases, or (C) has no effect on] total assets. Why would Carter be concerned with the value assigned to each section? Would Carter be more concerned with the values assigned if instead of purchasing three sections of land, it purchased land with buildings? Carter would be concerned with the [(A) total purchase price, or (B) value assigned to each section] if it intended to sell one or two sections and keep others. Carter would want the section it intended to sell to be assigned the [(A) highest, or (B) lowest] value in order to defer a gain