Tamock Company purchased a plant from one of its suppliers. The $960,000 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:

PropertyAssessed ValueLand$126,000Building486,000Machinery288,000Total$900,000

Using the assessed value as a guide, allocate the total purchase price of the plant to the land, building, and machinery accounts in Tamock Company's records.

Land

Building

Machinery

Total