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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: $60,000; terms: 2/10 n/30; pald within discount period. 2. Transportation-in: $1,500. 3. Installation: $2,500. 4. Cost to repair damage during unloading: $650. 5. Routine maintenance cost after six 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. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts Office equipment: Allocated Costs Asset Office equipment Basket purchase: Asset Allocated Costs Copier Computer Scanner Total $ 0 Land and building: Asset Allocated Costs Cost of land Building Total cost $ 0

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