Pierce Furniture purchased land, paying $65.000 cash and signing a $290,000 note payable. In addicion, Pierce paid delinquent property tax of 51.500, title insurance costing $3,000, and $5,000 to level the land and remove an urwanted building. The campany then construcled an office buiding at a cost of $450,000 It alse pald 552,000 for a fence around the property. $20,000 for a sign near the ontrance, and $10,000 for special lighting of the frounds Read the requirements Requirement 1. Determine the cost of the land, landinysovements, and buiding The cost of the land is The total cost of the land improvements is Requirements 1. Determine the cost of the land, land improvements, and building 2. Which of these assets will Pierce depreciate