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Beludere Fumisure purchssed land, paying $65,000 cash and signing a $270,000 note payable. In addition, Bevidere Fumiture paid delnouent property tax of $3,000, ttee insurance

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Beludere Fumisure purchssed land, paying $65,000 cash and signing a $270,000 note payable. In addition, Bevidere Fumiture paid delnouent property tax of $3,000, ttee insurance costing $5,000, and $11,000 to level the land and remove an unwanted building. The company then construcled an office building at a cost of $800,000. It also paid $86,000 for a fence around the property, $11,000 for a sign near the entrance, and $4,000 for spectal tighting of the grounds. Requirement 1. Dotermine the cost of the land, land improvemants, and building The cost of the land = Requirements 1. Determine the cost of the land, land improvements, and bulding 2. Which of these assots will Belvidere Fumiture depreciate

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