Homework Ch 10 Homework Part 1 of 4 Ayer Furniture purchased tand, paying $70,000 cash and signing a $310,000 note payable. In addition, Ayer paid delinquent property tax of $2.500, se insurance costing $2.000, and $5000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $750,000. also paid $55,000 for a fence around the property $17,000 for a sign near the entrance, and $10,000 for spec lighting of the grounds. Read the requirements Requirement 1. Determine the cost of the land, land improvements, and building The cost of the land is Question Viewer