0 D 400 8 E F $15,000 $10,000 9 a. Calculate the amounts allocated to the various types of plant assets acquired on July 1. b. Prepare the July 1 journal entries to record the purchase of the assets and the payment to the consultant. c. Prepare the December 31 journal entries to record depreciation expense for the year on the building, trucks, and equipment. (Round to the nearest dollar.) B Trucks Equipment Required Appraisal Percent Asset Value of Total Purch Price Allocation of Total Acquisition Costs Consultant Total Land $120,000 15% Building 440,000 55% Trucks 144,000 18% Equipment 96,000 12% $800,000 100% b. General Journal: Debit Credit Date Description