Ogden Furriture purchased land, paying $80,000 cast and signing a 5270,000 note payable. In oddition, Ogden paid delinquent property tax of $1,500, tite insurance cossing 56,000 , and $3,000 to level the land and remove an unwanted building. The company then constructod an offico building at a cost of $500,000. It also paid $5t.000 for a fence around the property, $10,000 tor a sign near the entrance, and $9,000 for special lighting of the grounds. Road the teciuments Requirement 1. Determine the cost of the land. land improvernents, and builing- The cost of the land is 9 entrance, and 59,000 for special lighting of the grounds. -quirement 1. Deterrine the cost of the land, land improvements, and buiding - no cost of the land is Requirements 1. Dotermine the cost of the land, land improvements, and building 2. Which of these assets will Ogden depreciate