Patsfeld Sound Center pays $280,000 for a group purchase of land, building and equipment At tPhe ime of acqusition the land has a onnarket value of $24 the bilding's eurent macket value h 331800 and the the three assets The business signs a ncte payable for the purchase price payatle for the purchase price Begin by preparing a schedule alocating the parchase price of $280 000 Market Percendage of Total Cost of Asset Value Equipment 100 Total