On march 1, 2014, rollinger company acquired real estate on which it planned to construct a small office building. the company paid $79,660 in cash. an old warehouse on the property was razed at a cost of $10,020; the salvaged materials were sold for $3,380. additional expenditures before construction began included $1,160 attorney’s fee for work concerning the land purchase, $4,870 real estate broker’s fee, $7,970 architect’s fee, and $13,570 to put in driveways and a parking lot. determine the amount to be reported as the cost of the land.

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks