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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.
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: $42,300; terms: 2/10 n/30: paid within discount period. 2. Transportation-in: $750. 3. Installation: $500. 4. Cost to repair damage during unloading: $426. 5. Routine maintenance cost after eight months: $190. Basket Purchase of Copier, Computer, and Scanner for $52,500 with Fair Market Values 1. Copier, $26,544. 2. Computer, $12,008. 3. Scanner, $24,648. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,900. 2. Demolition of building, $4,660. 3. Lumber sold from old building. $1,610. 4. Grading in preparation for new building, $6,800. 5. Construction of new building, $216,000.
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