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please help! due in 58 min Fullerton Waste Management purchased land and a warehouse for $700,000. In addition to the purchase price, Fullerton made the
please help! due in 58 min 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; title insurance, $8,000; miscellaneous closing costs, $11,000. 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 $640,000 and $160,000, respectively. Determine the amounts Fullerton should capitalize as the cost of the land and the building
please help! due in 58 min
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