Forest Company paid $38,000,000 for a warehouse and related assets from a company that was in bankruptcy. The warehouse includes land, building, moving equipment, and heating/ventilation/air conditioning (HVAC) system. An independent appraiser valued these items individually as follows:

PPE category	Appraised value
Land	$10,400,000
Building	23,400,000
Moving equipment	3,900,000
HVAC system	14,300,000
Total	$52,000,000

Required:

Allocate the purchase price among the assets acquired.