Belvidere Industries, Inc., purchased land, paying $110,000 cash as a down payment and signing a $170,000 note payable for the balance. In addition, Belvidere Industries, Inc., paid delinquent property tax of $2,500, title insurance costing $3,000, and a S6,500 charge for leveling the land and removing an unwanted building. The company constructed an office building on the land at a cost of $800,000. It also paid $55,000 for a fence around the property. 59,000 for the company sign near the entrance, and $12,000 for special lighting of the grounds Read the requirements. Requirement 1. Determine the cost of the company's land, land improvements, and building The cost of the land is $ The total cost of the land improvements is S The cost of the building is S Requirement 2. Which of the assets will Belvidere Industries, Inc., depreciate? Belvidere Industries, Inc, will depreciate