To Do Samtech Manufacturing purchased land and building for $4 million. In addition to the purchase price, expenditures in connection with the purchase of the land and building: h made the following $20,000 7,000 40,000 4,400 Legal fees for draving the contract t appraisal estimated the fair values of the land and building, if purchased separately, at $3.2 and $1.8 million, e the initial valuation of each asset Samtech acquired in these transactions. the initial v materials were sold for $8,000. In addition, Samtech spent $83,000 clearing and ion of a new building