In the first year of an asset's useful life, which of the following depreciation methods results in the smallest amount of depreciation expense?

	a.	All of the methods result in the same amount of depreciation.
	b.	Double-declining-balance.
	c.	Straight-line.
	d.	Sum-of-the-years'-digits.

On December 1, 2020, Firm ABC purchased land for $84,000 cash. The following land-related costs were also incurred:

• Commissions = $3,700
• Title Insurance = $9,000
• Property taxes paid for the month of January 2021 = $2,600

At what amount would Firm ABC record the land?

	a.	$84,000
	b.	$90,300
	c.	$96,700
	d.	$95,600