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5 points 1 Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New
5 points 1 Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment 1. List price: $37,600; terms: 2/10 n/30; paid within discount period. 2. Transportation-in: $880. 3. Installation: $450. 4. Cost to repair damage during unloading: $614. 5. Routine maintenance cost after eight months: $130. Basket Purchase of Copier, Computer, and Scanner for $47,400 with Fair Market Values 1. Copier, $21,127. 2. Computer, $7,423. 3. Scanner, $28,550. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $75,900. 2. Demolition of building, $4,940. 3. Lumber sold from old building, $2,380. 4. Grading in preparation for new building, $7,600. 5. Construction of new building, $251,000.
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