Telluride Mining Company purchased a new building to store its increasing supply of mining equipment. The building was purchased for $$576,000.$ The purchase price did not include $$38,000$ worth of sales tax. Also related to the purchase, Telluride Mining Company had to pay $$17,000$ for title search costs and $$24,000$ in realtor fees. Finally, the company had to hire a security guard to protect the new building which is paid a salary of $$78,000$ per year.

Required:

Determine the amount to be capitalized in an asset account for the purchase of the new building.

Amount to be capitalized