On March 1, 2025, Crane Company acquired real estate, on which it planned to construct a small office building, by paying $75,500 in cash. An old warehouse on pe property was demolished at a cost of $7,300, the salvaged materials were sold for $1,520. Additional expenditures before construction began included $1,020 attorney's fee for work concerning the land purchase, $4,050 real estate broker's fee, $8,520 architect's fee, and $13,100 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of the land s eTextbook and Media Attempts: 4 of 8 used Using multiple attempts will impact your score. 10% score reduction after attempt 5 Current Attempt in Progress Carla Vista Company purchased equipment on January 1,2025 for $108,000. It is estimated that the equipment will have a $6,000 salvage value at the end of its 5 -year useful life. It is also estimated that the equipment will produce 120,000 units over its 5 -year life. Answer the following independent questions. (a) Compute the amount of depreciation expense for the year ended December 31,2025 using the straight-line method of depreciation. Straight-line method peryear Attempts: 0 of 8 used Using multiple attempts will impact your score. 10% score reduction after attempt 5 On March 1, 2025, Crane Company acquired real estate, on which it planned to construct a small office building, by paying $75,500 in cash. An old warehouse on pe property was demolished at a cost of $7,300, the salvaged materials were sold for $1,520. Additional expenditures before construction began included $1,020 attorney's fee for work concerning the land purchase, $4,050 real estate broker's fee, $8,520 architect's fee, and $13,100 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of the land s eTextbook and Media Attempts: 4 of 8 used Using multiple attempts will impact your score. 10% score reduction after attempt 5 Current Attempt in Progress Carla Vista Company purchased equipment on January 1,2025 for $108,000. It is estimated that the equipment will have a $6,000 salvage value at the end of its 5 -year useful life. It is also estimated that the equipment will produce 120,000 units over its 5 -year life. Answer the following independent questions. (a) Compute the amount of depreciation expense for the year ended December 31,2025 using the straight-line method of depreciation. Straight-line method peryear Attempts: 0 of 8 used Using multiple attempts will impact your score. 10% score reduction after attempt 5