A local park acquires new land adjacent to its current park with the purposes of expansion. The following costs were incurred:

Purchase Price of land 75,000

Closing and Admin Costs 6,700

Attorney Fees 5,000

Installation of fence 6,000

Tree removal for trail 4,200

Trail paving 8,900

Monthly Lawncare 340

If they expect to not sell the land for at least 20 years, what is the amount of annual depreciation expense for the land? (no commas, spaces, decimals, or dollar signs?

What is cost of land improvements? (no commas, spaces, decimals, or dollar signs?