Problem 6-22A Accounting for acquisition of assets, including a basket purchase Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here CHECK FIGURES Total cost of equipment: $62,800 Cost allocated to copier: $16,500 New Office Equipment 1. List price: $60,000; terms: 2/10, n/30; paid within the discount period. 2. Transportation-in: $1,500. 3. Installation: $2,500. 4. Cost to repair damage during unloading: $650. 5. Routine maintenance cost after eight months: $350. Basket Purchase of Copier, Computer, and Scanner for $30,000 with Fair Market Values 1. Copier, $22,000. 2. Computer, $10,000. 3. Scanner, $8,000. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $250,000. 2. Demolition of building, $18,000. 3. Lumber sold from old building, $6,000. 4. Grading in preparation for new building, $22,000. 5. Construction of new building, $ 510,000. Office Equipment $ $ Note: Indicate which items (including dollar amount) are not included and why. Basket Purchase Allocation is based on relative market values: Purchase Price $ Allocated Costs Asset Copier Computer Scanner Total Fair Market Percent FMV Value Value $ % % % % $ Land and Building Land Building