please answer & explain 39 & 40

39. Dab Company buys land for $40,000 on December 31, 2015. As of March 31, 2010, the land has increased in value to $41,000. On December 31,2016 (the end of the fiscal year), the land has an appraised value of $44.000. At what amount should the land be reported on the balance sheet at December 31, 2016? a. $40,000 b. $41,000 c. $44,000 d. $0 e. None of the above 40. Equipment was purchased for $17,000. Freight charges amounted to $700 and there was a cost of $2,000 to install the equipment. It is estimated that the equipment will have a $4,000 salvage value at the end of its 5 year useful life. Depreciation expense each year using the straight line method will be a. $3,940 b. $3,140 c. $3,000 d. $2,600 e. None of the above