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Pierce Furniture purchased land, paying $80,000 cash and signing a $290,000 note payable. In addition, Pierce paid delinquent property tax of $4,500, title insurance costing $4,000, and $9,000 to level the land and remove an unwanted building. The company then constructed an ofce building at a cost of $650,000. It also paid $50,000 for a fence around the property, $13,000 for a sign near the entrance, and $10,000 for special lighting of the grounds. Read the muirements. Requirement 1. Determine the cost of the land, land improvements, and building. The cost of the land is $ 0 Requirements 1. Determine the cost of the land, land improvements, and building. 2. Which of these assets will Pierce depreciate