Question A

Question B

These expenditures were incurred by Crane Company in purchasing land: cash price $58,430, assumed accrued taxes $5.410 attorney's fees $2.480, real estate broker's commission $3.320, and clearing and grading $4.440. What is the cost of the land? The cost of the land $ Sandhill Chemicals Company acquires a delivery truck at a cost of $30,800 on January 1, 2022. The truck is expected to have a salvage value of $3,700 at the end of its 4-year useful life Compute annual depreciation for the first and second years using the straight-line method. First Year - - Second Year Annual depreciation under straight-line method $