The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2022. Indicate the account title to which each expenditure should be debited. No Expenditures Plant Assets 1 Paid $5,000 of accrued taxes at the time the plant site was acquired. was in transit. 2 Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery 3 Paid $850 sales taxes on new delivery truck. 4 Paid $17,500 for parking lots and driveways on the new plant site 5 and improv went Paid $250 to have the company name and advertising slogan painted on the new delivery truck. 6 Paid $8,000 for installation of new factory machinery. 7 Paid $900 for 1-year accident insurance policy on the new delivery truck. 8 Paid $75 motor vehicle license fee on the new truck. On March 1, 2022, Novak Company acquired real estate on which it planned to construct a small office building, by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $10,800; the salvaged materials were sold for $2,700. Additional expenditures before construction began included $1,900 attorney's fee for work concerning the land purchase, $5,500 real estate broker's fee, $7,600 architect's fee, and $14,500 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Concord Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $1,160, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 14,800 in 2022 and 15,000 in 2023. Calculate depreciation using: Straight-line method Units of output method 3 Declining balance method