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Business, 10.09.2019 03:30 freebyyy7032

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. an independent appraisal estimates the fair values of the land and warehouse at $497,000 and $213,000, respectively.
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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