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I completed the office equipment allocated price, but am struggling with the basket purchase and land and building. Trinkle Company made several purchases of long-term
I completed the office equipment allocated price, but am struggling with the basket purchase and land and building. Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented here. New Office Equipment 1. List price: $44.700; terms: 2/10, n/30, paid within the discount period. 2. Transportation-in: $850. 3. Installation: $600. 4. Cost to repair damage during unloading: $506. 5. Routine maintenance cost after eight months: $270. ces Basket Purchase of Copier, Computer, and Scanner for $52,200 with Fair Market Values 1. Copier, $22,644. 2. Computer, $10.064. 3. Scanner, $30,192 Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $76,500. 2. Demolition of building, $4,650. 3. Lumber sold from old building. $1,240. 4. Grading in preparation for new building, $9.900. 5. Construction of new building. $271,000. Basket purchase: Asset Allocated Costs ints Copier Computer Scanner Total eBook Print References Land and building: Asset Allocated Costs Cost of land Construction costs Total cost $ 0 5 Homework Saved 1. Purchase price, $76,500. 2. Demolition of building, $4,650. 3. Lumber sold from old building, $1,240. 4. Grading in preparation for new building, $9,900. 5. Construction of new building, $271,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset Office equipment: Asset Allocated Costs $ 45,256 Office equipment Basket purchase: Asset Allocated Costs Copler Computer Scanner
I completed the office equipment allocated price, but am struggling with the basket purchase and land and building.
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