10-17 (similar to) Murphy Furniture purchased and paying $75,000 cash and signing a $320,000 note payable. In addition, Murphy paid delinquent property tax of 55,000, title Insurance cooling 53,500 and $3.000 to love the land and remove an unwanted building The company then constructed an office building at a cost of $450,000. It also paid $49.000 for a fence around the property, $11,000 for a sign near the entrance, and $7,000 for special lighting of the grounds Read the regularmente Requirement 1. Determine the cost of the land, land improvements, and building The cost of the land is 75000 T: 0 ments Determine the cost 0 Requirements - X Hand is 1. Determine the cost of the land land improvements, and building 2. Which of these assets will Murphy depreciate? Print Done