How to determine the cost of the building and also i need explanation for it ?

10.00 points Fullerton Waste Management purchased land and a warehouse for $700,000. In addition to the purchase price, Fullerton made the following expenditures related to the acquisition: broker's commission, $40,000; ite insurance, $8,000; miscellaneous closing costs, $11,000. The warehouse was immediately demolished at a cost of $28,000 in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building. Capitalized cost of landS Capitalized cost of building 787,000 References eBook & Resources Worksheet