Forest Company Paid $38,000,000 for a Warehouse and Related Assets

Forest Company paid $38,000,000 for a warehouse and related assets from a company that was in bankruptcy. The warehouse includes land, building, moving equipment, and heating/ventilation/air conditioning (HVAC)system. An independent appraiser valued these items individually as follows:
$$\begin{array} { | l | r | } \hline \text { PPE category } & \text { Appraised value } \\\hline \text { Land } & \$ 10,400,000 \\\hline \text { Building } & 23,400,000 \\\hline \text { Moving equipment } & 3,900,000 \\\hline \text { HVAC system } & \underline { 14,300,000 } \\\hline \text { Total } &\underline{ \$ 52,000,000 }\\\hline\end{array}$$ Required:
Allocate the purchase price among the assets acquired.