Allocation of Package Purchase Price and Depreciation Methods - Fill in All Yellow Areas In an expansion move, James Bond Company purchased the property, plant, and equipment of a small manufacturing firm that was going out of business for $2,300,000. Before agreeing to the price, James hired a consultant for $25,000 to appraise the assets. The appraised values were as follows. James Issued a payment totaling $2,325,000 to acquire the assets and pay the consultant on lan 2. On Jan 33, in addition to paying $2,3250,000, James Bond paid an additional $1,000 to the state for annual truck licenses and $5,000 to repaint and decal the trucks for business use. a. Calculate the amounts allocated to the various types of plant assets acquired on Jan 1 based on what was paid. Land Building Appraised 300,000 Purchase Allocation Allocated Purchase 1,000,000 Equipment 1,000,000 Tractor Trailer Truck Tulal 100,000 2,400,000 100.00% 2,325,000 Other Items Capitalized Lotal Assel Cost James depreciated the assets using the straight-line method for the building and equipment, and the double-declining balance method for the trucks. Estimated usetul lives and salvage values were as follows: b. What is the Depreciable Cost for the Assets being depreciated given the following salvage values? onful fo Colungo Volun Depreciable Cast Annual Depreciation Exconco