Belvidere Furniture purchased land, paying $80,000 cash plus a $300,000 note payable. In addition. Belvidere paid delinquent property tax of $5,000. title insurance costing $1, 500. and $4,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $350,000. It also paid $50,000 for a fence around the property. $12,000 for a sign near the entrance, and $6,000 for special lighting of the grounds. Read the requirements. Determine the cost of the land, land improvements, and building. The cost of the land is $ Determine the cost of the land, land improvements, and building. Which of these assets will Belvidere depreciate