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Trinkle Company, Incorporated made several purchases of long - term assets in Year 1 . The detalls of each purchase are presented here. New Orfice
Trinkle Company, Incorporated made several purchases of longterm assets in Year The detalls of each purchase are presented here.
New Orfice Equlpment
List price: $; terms: n; pald within discount period.
Transportationin: $
Installation: $
Cost to repair damage during unloading: $
Routine maintenance cost after elght months: $
Basket Purchase of Copler, Computer, and Scanner for $ with Falr Market Values
Copler, $
Computer, $
Scanner, $
Land for New Warehouse with an Old Bullding Torn Down
Purchase price, $
Demolition of bullding, $
Lumber sold from old bullding, $
Grading in preparation for new bullding, $
Construction of new bullding, $
Required
In each of these cases, determine the amount of cost to be capitalized in the asset accounts.
tableAssetAllocated Costs,TotalOffice equipment,,Basket purchase:,,CopierComputerScannerTotal cost to be capitalized,,Land and building:,,Cost of land,,Construction cosisTotal cost to be capitalized,,
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