Question
Systems purchased? land, paying $ 110 comma 000 cash as a down payment and signing a $ 250 comma 000 note payable for the balance.
Systems purchased? land, paying $ 110 comma 000 cash as a down payment and signing a $ 250 comma 000 note payable for the balance. In? addition, Ayer Systems paid delinquent property tax of $ 1 comma 500?, title insurance costing $ 5 comma 000?, and a $ 9 comma 200 charge for leveling the land and removing an unwanted building. The company constructed an office building on the land at a cost of $ 700 comma 000. It also paid $ 54 comma 000 for a fence around the? property, $ 5 comma 000 for the company sign near the? entrance, and $ 7 comma 000 for special lighting of the grounds. Requirements 1. Determine the cost of the? company's land, land? improvements, and building. 2. Which of the assets will Ayer ?depreciate?
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