please show workings

estion 2 Question (8 marks) Do both Part A & Part B Part A The following are expenditures relating to land purchased by BB Enterprises. Purchase price of land $3,000,000 Cost of fencing and lighting $400,000 Cost of clearing and drainage $700,000 Property taxes to be borne by buyer $20,000 Brokerage costs borne by seller of the land $15,000 Required: 1. Calculate the costs of land improvement and explain why the expenditure item(s) is (are) include d. (1 mark) 2. Explain why you excluded the other expenditure item (1 mark) S. Part B On 1 January 2020 Busselton Ltd paid $40,000 for a delivery van purchase. The delivery van has an estimated useful life of 3 years (150,000 km) and a residual value of $10,000. The year end is 30 June 2020. Required: 1. Using the straight-line method, for the years ending 30 June 2020 and 30 June 2021. calculate the: depreciation expense and carrying amount for the delivery van on 30 Jun 1a. 1b. (3 marks) 2. 2a. 2b. Assuming the units-of-production method, for the years ending 30 June 2020 and 30 June 2021 calculate the: depreciation expense for the delivery van and carrying amount for the delivery van on 30 June. Assume that the km travelled are as follows: year ending 30 June 2020,25,000 km, and year ending 30 June 2021, 70,000 km. Download the Non-current asset template A.docx to type your answer in. When you have typed in your answer: Select the section you want in your answer, "right click- choose copy" and go to the answer box in the test, key" control V" sim paste it in the answer box. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 14px V