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A B 1In each of the below situations, determine the amount of cost to be 2 capitalized in the asset accounts. 4 New Office Equipment:
A B 1In each of the below situations, determine the amount of cost to be 2 capitalized in the asset accounts. 4 New Office Equipment: 5 1 Purchase price: $48,200; terms: 1/10 n/30; paid within the discount period. 6 2 Shipping Costs: $620. 7 3 Installation Costs: $500. 8 4 Routine maintenance cost after eight months: $125. 10 Note - Only the purchase price will be used to calculate the discount. 12 13 Office equipment: Asset Office furniture Capitalized Cost 15 16 17 Basket Purchase of Office Furniture, Computers, and Printers for $39,500. The 18 assets had the following Fair Market Values: 19 1 Office furniture, $27,800. 20 2 Computers, $6,500 21 3 Printers, $11,000. 23 Basket purchase 24 25 26 Capitalized Cost Asset Office furniture Computers Printers 28 29 30 Total
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