29 (2 points) Bachman, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $ 23,000 Survey and legal fees 600 Land clearing 700 Fencing 4.000 Lighting and signage 1,060 How much should be recorded during the first quarter as land cost? . . a b. C d. $23,000 $29,360 $24,300 $25,360 30. (2 points) Company A purchased Company B on 01/01/2021. As part of the purchase process, A hired an appraiser to determine fair market value (FMV) of the net assets of B. The appraiser determined that B's assets were FMV $300,000 and that B's liabilities were FMV $150,000. A paid B $180,000 cash as part of the transaction. How much goodwill should A have recorded for this? a. $0 b. ($150,000) C. $150,000 d. $30,000 (2 points) Brentwood Auto Repair, Inc. purchased a new machine and placed it in service on 06/14/2021. Which of the following should not be included in the cost of the machine? 31. a. b. Purchase price of $55.000 (debit Machine, credit Cash) Cost of testing the machine on 06/21/2021 (debit Testing Expense, credit Cash) Sales tax of $4,950 paid to the State of Texas on 06/30/2021 (debit Sales Tax Payable, credit Cash) Purchase commission (debit Commissions Payable, credit Cash) C. d