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Use the following information to answer questions 28 & 29. Jamison Company purchased the assets of Booker Company at an auction for $1,400,000. An independent appraisal of the fair value of the assets is listed below: Land $475,000 Building 700,000 Equipment 525,000 Trucks 850,000 28 Assuming that specific identification costs are impracticable and that Jamison allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks? a. $466,667 b. $700,000 C. $840,000 d. $850,000 29. Assuming that specific identification costs are impracticable and that Jamison allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Building? a. $529,730 b. $700,000 c. $1.275,000 d. $384,314