Fullerton waste management purchased land and a warehouse for $610,000. in addition to the purchase price, fullerton made the following expenditures related to the acquisition: broker’s commission, $31,000; title insurance, $3,500; miscellaneous closing costs, $6,500. the warehouse was immediately demolished at a cost of $19,000 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 = $