Ogden

Furniture purchased land, paying

$60,000

cash and signing a

$290,000

note payable. In addition,

Ogden

paid delinquent property tax of

$5,000,

title insurance costing

$3,500,

and

$6,000

to level the land and remove an unwanted building. The company then constructed an office building at a cost of

$600,000.

It also paid

$48,000

for a fence around the property,

$10,000

for a sign near the entrance, and

$7,000

for special lighting of the grounds.