Question
*** I need step by step instructions in the below questions*** And how do we get there to the answer... I am so lost on
*** I need step by step instructions in the below questions*** And how do we get there to the answer... I am so lost on this one.. Stuck on this problem for over an hour...*****
Trinkle Co., Inc., made several purchases of long-term assets in 2016. The details of each purchase are presented here.
New Office Equipment 1. List price: $36,200; terms: 2/10 n/30; paid within discount period. 2. Transportation-in: $700. 3. Installation: $420. 4. Cost to repair damage during unloading: $595. 5. Routine maintenance cost after six months: $130.
Basket Purchase of Copier, Computer, and Scanner for $45,800 with Fair Market Values 1. Copier, $24,288. 2. Computer, $9,384. 3. Scanner, $21,528.
Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $78,600. 2. Demolition of building, $5,230. 3. Lumber sold from old building, $1,210. 4. Grading in preparation for new building, $7,400. 5. Construction of new building, $249,000.
1) What is the office equpiment?
2) Basket Purchase?
3) Land and Building?
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