Question: Max Smith runs a small grocery store. The balance sheet as of March 31, 20XX shows land of $180,000 and building of $72,000 under the ASSET column. He bought the land and building exactly three years prior to this statement's date. Each year Max claimed 5% depreciation expense. What was the purchase price of the land? Group of answer choices $208,373 $180,000 $209,943 Impossible to calculate with the information provided