Brief Exercise 7-3 (Algo) Allocate cost in a basket purchase (LO7-1) Finiey Company is looking for a new office location and sees a building with a fair value of $720,000. Finley also notices that much of the equipment in the existing building would be useful to its own operations. Finley estimates the fair value of the equipment to be $112.000. Finley offers to buy both the bulling and the equipment for $770.000, and the offer is accepted. Determine the amounts Finley should record in the separate accounts for building and equipment. (Do not round intermediate calculations.)