Points out of 2.50 P Flag question Question 34 Not yet answered Vitale Nuts purchased a piece of equipment with $105,000 cost and a piece of land witte $50,000 cost in the current year. Which of the following is correct? Select one: a. The equipment and land should be depreciated over time. O O b. The book value of equipment will remain $105,000 and that of land will remain $50,000. c. The equipment should be depreciated over time but land should not. 0 d. None of the above