Use the following to answer questions $1-4$

The company purchased land as a factory site. An old building on

the property was demolished, and construction began on a new

building. Costs incurred during the first year are listed below:

$

How much of the "property taxes on the land for

the next year" should be capitalized to the Land account?

How should the "sale of salvaged materials" be recorded?

A$.$ As an added cost of the land

B$.$ As a reduction of the cost of the land

C$.$ As an added cost to the building

D$.$ As a reduction of the cost of the building

$ What amount should be recorded to the Land

account?

$?$

What amount should be recorded to the Building

account?