BWM purchased land and a warehouse for $ 800,000. In addition to the purchase price, BWM made the following expenditures related to the acquisition: broker's commission, $50,000. tittle insurance, $ 5,000; legal professional fees of $ 15,000 to close the deal and payment of $ 55,000 for property taxes of which $ 45,000 was for arrears on the property and $10,000 was for the current year. BWM decides to use the warehouse rather than demolish it. An independent appraisal estimated the fair values of the land and warehouse at $ 750,000 and 450,000, respectively.( Use full decimal places) Required: Answer the following questions with respect to this acquisition What is the total costs to be capitalized with respect to the expenditures Answer 1 Question 18 Choose... What amount if any would be charged out to expenses for the year Answer 2 Question 18 Choose... What amount should be allocated to the Land Answer 3 Question 18 Choose... What amount should be allocated to the Building Answer 4 Question 18 Choose... Which of these two acquired asset would be depreciated