please answer 8-2 Recording costs of assets

Rizio Co. purchases a machine for $12,500, terms 2/10, n/60, FOB shipping point. The seller prepaid the $360 freight charges adding the amount to the invoice and bringing its total to $12,860. The machine requires special steel mounting and power connections costing $895. Another $475 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $180 in damages occurred. Materials costing $40 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine. (Rizio pays for this machine within the cash discount period.) Exercise 8-2 Recording costs of assets C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $280,000 for the lot plus $110,000 for the old building. The company pays $33.500 to tear down the old building and $47,000 to fill and level the lot. It also pays a total of $1,540,000 in construction costs-this amount consists of $1,452,200 for the new building and $87.800 for lighting and paving a parking area next to the building. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. Exercise 8-3 Lump-sum purchase of plant assets c1g Craia.e01 ^ EXI6XLCHO docx ^ | EX16-XL-CHO-.docx