Pawtucket Industries, Inc., purchased land, paying $65,000 cash as a down payment and signing a $180,000 note payable for the balance. In addition, Pawtucket Industries, Inc., paid delinquent property tax of $3,000, title insurance costing $5,500, and a $5,000 charge for leveling the land and removing an unwanted building. The company constructed an office building on the land at a cost of $450,000. It also paid $47,000 for a fence around the property, $5,000 for the company sign near the entrance, and $10,000 for special lighting of the grounds. Read the requirements. Requirement 1. Determine the cost of the company's land, land improvements, and building. Requirements The cost of the land is The total cost of the land improvements is 1. Determine the cost of the company's land, land improvements, and building. 2. Which of the assets will Pawtucket Industries, Inc., depreciate? The cost of the building is Requirement 2. Which of the assets will Pawtucket Industries, Inc., depreciate? Print Done Pawtucket Industries, Inc., will depreciate all of the assets. the building the building and the land. the building and the land improvements. the land the land and the land improvements. the land improvements. Enter any number in the edit fields and then continue to the next question. ? Save for Later