Potvin Furniture purchased land, paying $80,000 cash and signing a $340,000 note payable. In addition, Potvin paid delinquent property tax of $2,500, title insurance costing $5,000, and $9,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $450,000. It also paid $54,000 for a fence around the property, $11,000 for a sign near the entrance, and $8,000 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 is $ 80000 The total cost of the land improvements is $ The cost of the building is $ Requirement 2. Which of these assets will Potvin depreciate? Potvin will depreciate i Requirements 1. Determine the cost of the land, land improvements, and building 2. Which of these assets will Potvin depreciate? Print Print [ Done Done