Peewee Ltd has acquired a new building for \(\$ 750\) 000. It has incurred incidental costs of \(\$ 15000\) in the acquisition process for legal fees, real estate agent's fees and stamp duties. Management believes that these costs should be expensed because they have not increased the value of the building and, if the building was immediately resold, these amounts would not be recouped. In other words, the fair value of the building is considered to still be \(\$ 750000\).

Required 

Discuss how these costs should be accounted for.