Lavallee Furniture purchased land, paying $ 90,000 cash and signing a $ 270,000 note payable. In addition, Lavallee paid delinquent property tax of $ 1,000, title insurance costing $ 5,000, and $ 6,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $ 700,000. It also paid $ 47,000 for a fence around the property, $15,000 for a sign near the entrance, and $ 8,000 for special lighting of the grounds

Save Homework: Chapter 10 Fall 2019 Score: 0 of 10 pts 8 of 10 (3 complete) E10-17 (similar to) HW Score: 30%, 30 of 100 pts Question Help Lavallee Furniture purchased land, paying $90,000 cash and signing a $270,000 note payable. In addition, Lavallee paid delinquent property tax of $1,000, title insurance costing $5,000, and $6,000 to level the land and remove an unwanted building The company then constructed an office building at a cost of $700,000. It also paid $47,000 for a fence around the property, $15,000 for a sign near the entrance, and $8,000 for special 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 $ * Requirements 1. Determine the cost of the land, land improvements, and building. 2. Which of these assets will Lavallee depreciate? Print Done