Fullerton Waste Management purchased land and a warehouse for $740,000. In addition to the purchase price, Fullerton made the following expenditures related to the acquisition: broker's commission, $44,000; title insurance, $10,000; miscellaneous closing costs, $13,000. Assume that Fullerton decides to use the warehouse rather than demolish it. An independent appraisal estimates the fair values of the land and warehouse at $630,000 and $210,000, respectively. Determine the amounts Fullerton should capitalize as the cost of the land and the building. Capitalized cost of land Capitalized cost of building 839,000 0