Allocation of Package Purchase Price and Depreciation Methods In an expansion move, james Company paid $2.190.000 for most of the property, plant, and equipment of a small manufacturing firm that was going out of business. Before agreeing to the price James hired a consultant for $25,000 to appraise the assets. The appraised values were as follows: Land $10.000 Building 912.000 Equipment 900.000 Trucks 14.00 | sunting James issued two checks totaling $2,215,000 to acquire the assets and pay the consultant on April 1. James depreciated the assets using the straightine method for the building and equipment and the double-declining balance method for the trucks Estimated useful lives and age values were as follows Useful Lite Value Calculate the amounts located to the various types of plant assets acquired on April bul 186.000 b. Prepare the April journal entries to record the purchase of the assets and the payment to the consultant combine both cash disbursements entry Date Description dang 100 b. Prepare the April 1 journal entries to record the purchase of the assets and the payment to the consultant Combine both cash disbursemesterary General Journal Date Description Debit Credit Apr1 Land ADO Building 100 Equipment 000 O 2.215.000 To record purchase of plant assets and payment to 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 della General Journal Date Description Debi Credit De Depreciation Experten Ow To record depreciation on be Dec 31 Depreciation Expement Accumulated Depreciation Equipment To record depreciationnement Dec 31 Depreciation Expense Trucks Accumulated Depreciation Trucks To record depreciation on truth 92.70