Allocation of Package Purchase Price Andrew Lupina went into business by purchasing a car lubrication station consisting of land, a building and equipment. The seller's original asking price was \$210,000, Lupino hired an appraiser for $2,000 to appraise the assets. The appraised valuations were: After receiving the appraisal, Lupino offered 3174,000 for the business. The seller refused this offer. Lupino then offered 5184,000 for the business, which the seller accepted, Using the appraisal values as a guide, allocate the total purchase price of the car lubrication station to the Land, Building: and Equipment accounts