$3,000. Fumiture purchased land, paying $80,000 cash and signing a $350,000 note payable. In addition, Betvidere paid delinquent property tax of $2,000, title insurance costing $2,$00, and $3,000 to level the land and remove an unwanted building. The company then constructed an offico bulding at a cost of $650,000. It also paid $46,000 for a fence around the propenty, $18,000 for a sign near the entrance, and $6,000 for special lighting of the grounds Reod the reavirements. Requirement 1. Determine the cost of the land, land improvements, and building. The cost of the land is The total cost of the land improvements is The cost of the building is Requirement 2. Which of these assets will Milloy depreciate? Milloy will depreciate