Crane Company acquires land for $310000 cash. Additional costs are as follow. Removal of shed $2300 Filling and grading 7200 Salvage value of lumber of shed 1270 Broker commission 4540 Paving of parking lot 41000 Closing costs 3200 Crane will record the acquisition cost of the land as $325970. $327240. $328510. $310000.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.