Use the information below for questions 6-9 A+ Corp purchased a tract of land with an old building on it for $140,000. Delinquent taxes of $4,000 and attorney's fees of $6,000 were paid at the closing. The old building was knocked down and the land was cleared and graded at a cost of $30,000. A new building was constructed from January thru April at a cost of $200,000 and a parking lot was put in at a cost of $15,000. The company also paid $2,000 for a 1year insurance policy and $1,000 for routine maintenance on the heating system. What amount would A+ Corp show on their Balance Sheet as the capitalized cost of the land? $280,000 $215,000 $195,000 $180,000 What amount would A+ Corp show on their Balance Sheet as the capitalized cost of the building? $218,000 $215,000 $203,000 $200,000 What amount should A+ Corp record as an operating expense? $18,000 $15,000 $3,000 $2,000 Which of the Fixed Assets listed above will not be depreciated? All of the assets listed above are depreciated Land Building Parking Lot