QUESTION 2 Acer, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent $16,000 1200 Acquisition of land Surveys and legal fees Land clearing Fencing Install lighting and signage 1100 7,000 1,760 What amount should be recorded as the cost of the land in the corporation's books? 3.525,300 b. $18,300 0 $20,060 d. $24 100 QUESTION 3 Cormoration purchased a machine for $40,900,000. Zade's management of the sixth a