Part III (6 marks) Determine the acquisition cost for (i) Land and (ii) Land improvement: Land cost $500,000 Tax paid on acquisition for the land 15,000 Paving the road 20,000 Grading the land 10,000 Planting trees 30,000 Survey fee for the land 8,000 Installing lights on the road 40,000 Electricity fee for the lights in the first month of 3,500 normal operation End