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Rural Tech Support pays $270,000 for a group purchase of land building, and equipment At the time of acquisition, the land has a current market

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Rural Tech Support pays $270,000 for a group purchase of land building, and equipment At the time of acquisition, the land has a current market value of $96,000, the building's current market value is $180,000, and the equipment's current market value is $24.000. Prepare a schedule allocating the purchase price of $270,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Prepare a schedule allocating the purchase price of $270,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Begin by preparing a schedule allocating the purchase price of $270,000. (Do not enter the % sign within the input fields of the Percentage of Total Market column.) Market (Sales) Percentage of Total Cost of Each Asset Asset Value Market Value % Land % Building Equipment % 100 Total artia

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