Travis, Inc. purchased land to build a future office location. In the first quarter, the following amounts were incurred: Acquisition of land $48,000 Broker Fee 2,200 Surveys and legal fees 2,600 Land clearing 600 Fencing Install lighting and signage 1,400 Parking lot 3,000 Delinquent taxes 6,000 What amount should be recorded as the cost of the land in the corporation's books? 8.900 A. $56,900 B. $66,700 C. $51,200 D. $59,400 Tipton Corporation purchases land for $500,000 with a note payable for the same amount. The company also pays cash of $2,900 for a survey fee and $3,400 for broker commissions. The journal entry would be: 506,300 O A. Land Notes Payable 506,300 506,300 B. Land Notes Payable Cash 500,000 6,300 C. Land Broker & Survey Expense Notes Payable 500,000 6,300 506,300 500,000 D. Land Cash 500,000 A coal mine cost $1,008,000 and is estimated to hold 57,000 tons of coal. There is no residual value. During the first year of operations, 6,000 tons are extracted and sold. Calculate depletion per unit. (Round your answer to the nearest cent.) A. $8.84 B. $4.42 C. $13.26 OD. $17.68