Corporation A acquires Corporation B's assets for $3,500,000. The fair value of Corporation B's assets are as follows: Asset 1=2,000,000 Asset 2=525,000 Asset 3=1,200,000 What is the amount of the purchase price to allocate to Asset 1 ? Corporation A acquires Corporation B's assets for $3,500,000. The fair value of Corporation B's assets are as follows: Asset 1=2,000,000 Asset 2=525,000 Asset 3=1,200,000 What is the amount of the purchase price to allocate to Asset 1