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need to find allocated costs Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New
need to find allocated costs
Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $43,500; terms: 2/10,n/30; paid within the discount period. 2. Transportation-in: $870. 3. Installation: $590. 4. Cost to repair damage during unloading: $585. 5. Routine maintenance cost after eight months: $280. Basket Purchase of Copier, Computer, and Scanner for $52,000 with Fair Market Values 1. Copier, $25,080. 2. Computer, $12,540. 3. Scanner, $25,080. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $79,300. 2. Demolition of bullding, $4,510. 3. Lumber sold from old bullding, $1,870. 4. Grading in preparation for new building, $7,900. 5. Construction of new bullding, $277,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts Step by Step Solution
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