Question 1 1 pts Max Roth purchased a piece of property for $80,000. In addition to the price of the land, Max incurred $1,000 of title fees, $2,000 of surveying fees, cleared an unwanted building from the property at a cost of $7,000 and installed a fence for $15.000. What is the total cost of land? O $105,000 O $80.000 O $90,000 $83,000 D Question 2 1 pts A truck with a cost of $20,000 and accumulated depreciation $16,000 was sold for $8,000 cash. What is the net gain or loss on this transaction? Gain of $4,000 Gain of $12,000 @ Loss of $4.000 O No Gain or Loss is to be recorded D Question 3 1 pts