es of QUESTION 1 Answer saved Marked cut of 4.00 Flag question WEICK Allocation of Package Purchase Price Tamock Company purchased a plant from one of its suppliers. The $950,000 purchase price included 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: Finish a Time le Assessed Value Property Land Building Machinery $126,000 486,000 288.000 $900,000 Total using the assessed value as a guide, allocate the total purchase price of the plant to the land, building, and machinery accounts in Tamock Companys records Allocation of Asset Purchase Price Land Building Machinery Total Next page Save Answers