Question
New Office Equipment List price: $37,200; terms: 2/10, n/30; paid within the discount period. Transportation-in: $870. Installation: $520. Cost to repair damage during unloading: $682.
New Office Equipment List price: $37,200; terms: 2/10, n/30; paid within the discount period. Transportation-in: $870. Installation: $520. Cost to repair damage during unloading: $682. Routine maintenance cost after eight months: $240. Basket Purchase of Copier, Computer, and Scanner for $52,400 with Fair Market Values Copier, $26,502. Computer, $10,096. Scanner, $26,502. Land for New Warehouse with an Old Building Torn Down Purchase price, $83,300. Demolition of building, $5,350. Lumber sold from old building, $2,920. Grading in preparation for new building, $9,500. Construction of new building, $206,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Office equipment: Basket purchase: Land and building:
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