Allocation of Package Purchase Price Tamock Company purchased a plant from one of its suppliers. The 5995,000 purchase price induded the land, a building, and factory machinery. Tamock also paid $5,000 in legal fees to negotiate the purchase of the plant. An appraisal showed the following values for the Items purchased: Property Assessed Value Land 5125.000 Building 485.000 Machinery 288.000 Total 5900.000 Using the assessed value as a guide, allocate the total purchase price of the plant to the land building, and machinery accounts in Tamock Company's records Allocation of Asset Purchase Price Land 5 133,000 X Building 513.000 x Machinery 304.000 Total 5 950.000