McArthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land Surveys and legal fees Land clearing Fencing Install lighting and signage $19,000 1,300 200 6.000 13.060 What amount should be recorded as the land improvements cost? A. $7,500 B. $19,060 C. $1,500 D. $6.200 Brentwood Auto Repair purchased a new machine and placed it in service on June 14. Which of the following is not included in the cost of equipment? A. a six month insurance policy which was paid on June 5 and became effective on June 15 B. sales tax OC. cost of testing the machine on June 12 D. purchase commission