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Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The detalls of each purchase are presented here. New Office Equipment 1. List
Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The detalls of each purchase are presented here. New Office Equipment 1. List price: $37100 terms: 2/10 n/30: pald within discount period. 2. Transportation-In: $740. 3. Installation: $570 4. Cost to repair damage during unloading: $536. 5. Routine maintenance cost after six months: $290 Basket Purchase of Copier, Computer, and Scanner for S53,100 with Falr Market Values 1. Copier $23.680 2. Computer, $6,400 3. Scanner, $33,920 Land for New Warehouse with an Old Bullding Torn Down 1. Purchase price, $82,200. 2. Demolition of building. $5,200 3. Lumber sold from old bulding, $1.710. 4. Grading In preparation for new bulding. $6,200. 5. Construction of new bullding. $242.000. Required In each of these cases, determine the amount of cost to be capitelized in the asset accounts. Office equlpment: Asset Allocated Costs Office equipment Basket purchase: Asset Copier Computer Scanner Total Land and building: Asset Allocated Costs Cost of land Construction costs Total cost
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