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Allocation of Package Purchase Price and Depreciation Methods In an expansion move, Beam Company paid s2.280,000 for most of the property prope plant, and equipment of a small manufacturing firm that was going out of business. Before agreeing to the price. Beam hired a consultant for $20,000 to appraise the assets. The appraised values were as follows: Land $400,000 Building 950,000 Equipment 1,000,000 150,000 Trucks Total $2.500,000 Beam issued two checks totaling $2,300,000 to acquire the assets and pay the consultant on April 1. Beam depreciated the assets using the straight-line method for the building and equipment, and the double-declining balance method for the trucks. Estimated useful lives and salvage values were as follows: Salvage Useful Life Value Building 15 years $86,000 Equipment 9 years 70,000 5 years 13.000 Trucks