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Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment 1. List

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Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment 1. List price: $35,100; terms: 2/10 n/30; paid within discount period. 2. Transportation-in: $740. 3. Installation: $460 4. Cost to repair damage during unloading: $633. 5. Routine maintenance cost after six months: $140. Basket Purchase of Copier, Computer, and Scanner for $51,400 with Fair Market Values 1. Copier, $26,617 2. Computer, $7,428. 3. Scanner, $27,855 Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,500 2. Demolition of building, $4,820 3. Lumber sold from old building, $1.740. 4. Grading in preparation for new building, $7,500 5. Construction of new building, $285,000 Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts Office equipment Office equipment: Allocated Costs Asset Office equipment $ 40.498 Basket purchase: Asset Allocated Costs Copier Computer Scanner Total $ Land and building: Allocated Costs Asset Cost of land Construction costs Total cost $ 0

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