AlexTDOOK Problems Shed Help Save & Exit Check my 2 Problem: Module 2 Textbook Problem 12 Learning Objective: 2-8 Identity and determine the cost of long-term operational assets Southwest Milling Co purchased a front-end loader to move stocks of lumber The loader had a list price of $122.410 The seller agreed to allow a 425 percent discount because Southwest Milling paid cash Delivery terms were FOB shipping point Freight cost amounted to 52.960. Southwest Milling had to hire a specialist to calibrate the loader The specialists fee wos $1.240. The loader operator is paid an annual solory of 58 390. The cost of the company's the insurance policy increoed by $1550 per year as a result of acquiring the londer. The loader had a four-year useful life and an expected salvage value of 57400 Required Determine the amount to be capitalized in the asset account for the purchase of the front-end loader (Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.) Costs mat are to be capitalized List price $ 0 Total costs 20 THE Next > 13 Problem: Module 2 Textbook Problem 13 Learning Objective: 2-8 Identity and determine the cost of long-term operational Assets Piney Co purchased as omice building, land and imnure for 5630.000 cash. The apornised value of the assets was to 05 . win Furniture Required a. Compute the amount to be recorded on the books for each b. Record the surchase in shortzontal statements model Complete this question by entering your answers in the tabs below. RA Chicken 13 Complete this question by entering your answers in the tabs below. 01 A Red Compute the amount to be recorded on the books for each set. (Do not found termediate calculation Round your final answers to rest whole doc) Ached Com Land Building Pure To 5 Required > ered 0. Record the purchase in horontal statements model in the Catholum, indicate whether the operating activity megy (PA) have the cell blank the statement of Cans Flowestched her any decrestent had the calculations. Wound your lawwers to the nearest whole dollar tots is it ruirent NY Hormet Mode income Statement Balance Sheet Assets - Buliding toh Lates Een Cath same