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Pawtucket Fumiture purchased land, paying $65,000 cash and signing a $340,000 note payable, In addition, Pawtuckot Fumiture paid delinquent property tax of $2,000, titie insurance

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Pawtucket Fumiture purchased land, paying $65,000 cash and signing a $340,000 note payable, In addition, Pawtuckot Fumiture paid delinquent property tax of $2,000, titie insurance costing $2,500, and $11,000 to level the land and remove an unwanted buliding The company then constructed an office bulding at a cost of $450,000. It also poit $50,000 for a fence around the property. $11,000 for a sign near the entrance, and $9.000 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 = Requirements 1. Determine the cost of the land, tand improvements, and building. 2. Which of these assets will Pawtucket Fumhure depreciate

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