Furniture purchased land, paying 85,000 cash and signing a $330,000 note payable addition. In addition Ayer paid delinquent property tax of 2000 title insurance costing 6000 and 5000 to level the lands and remove an unwanted building. The company then constructed an an office building at a cost of $400,000. It also paid 54,000 for a fence around the property 12,000 for a sign near the entrance and 3000 for special lifting grounds

then construct Read the requirements. 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 Ayer depreciate? Ayer will depreciate