Trautschold Furniture Co. purchased land, paying \(\$ 80,000\) cash plus a \(\$ 300,000\) note payable. In addition, Trautschold paid delinquent property tax of \(\$ 2,000\), title insurance costing \(\$ 3,000\), and \(\$ 5,000\) to level the land and remove an unwanted building. The company then constructed an office building at a cost of \(\$ 500,000\). It also paid \(\$ 50,000\) for a fence around the property, \(\$ 10,000\) for a sign near the entrance, and \(\$ 6,000\) for special lighting of the grounds. Determine the cost of the land, land improvements, and building. Which of these assets will Trautschold depreciate?