Chapter 10 0 Fullerton Waste Management purchased land and a warehouse for $780,000. In addition to…

Chapter 10 0 Fullerton Waste Management purchased land and a warehouse for $780,000. In addition to the purchase price, Fullerton made the following expenditures related to the acquisition: broker’s commission, $48,000 title Insurance, $12,000; miscellaneous closing costs. $15.000. The warehouse was Immediately demolished at a cost of $36.000 in anticipation of the building of a new warehouse. points Determine the amounts Fullerton should capitalize as the cost of the land and the building. eBook Capitalized cost of land Capitalized cost of building