Fullerton Waste Management purchased land and a warehouse for $600,000. In addition to the purchase price, Fullerton made the following expenditures related to the acquisition: broker's commission, $30,000, title insurance, $3,000, miscellaneous closing costs $6,000. Assume that Fullerton decides to use the warehouse rather than demolish it at a cost of $18,000 in anticipation of the buiding of a new warehouse. Determine the amounts Falcon should capitlize as the cost of the land and the building.