Scott Co. purchased land for a new building. Which of the following costs would NOT be included in the cost of the land? A. Purchase price of the land. B. Cost of demolishing an old garage on the land. C. Cost of a new parking lot constructed on the land. D. Brokerage commission paid to the real estate agent who handled the land transaction. 2. Carlos Co, purchased building and land for $400,000 total. Individually, the land appraised for $84,000 and the building appraised for $336,000. How much of the purchase price should be allocated to the cost of the land? A. $ 75,000 B. $ 80,000 c. $ 84,000 D. $400,000 3. Planter Co. purchased a delivery van for $30,000 on January 1. The van has an estimated 5 year life with a residual value of $5,000. What would be the depreciation expense for this van in the first year if Planter uses the straight-line method? A. $5,000 B.$6,000 c. $25,000 D. $30,000