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Fullerton Waste Management purchased land and a warehouse for $750,000. In addition to the purchase price. Fullerton made the following expenditures related to the acquisition:

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Fullerton Waste Management purchased land and a warehouse for $750,000. In addition to the purchase price. Fullerton made the following expenditures related to the acquisition: broker's commission, $45,000, title insurance, 510,500, miscellaneous dosing costs, $13,500. The warehouse was immediately demolished at a cost of $33,000 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 land Capitalized cost of building

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