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Trinkle Company, Incorporated 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 Company, Incorporated made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment 1. List price: $43,200; terms: 2/10 n/30: paid within discount period, 2. Transportation-in: $890. 3. Installation: $490 4. Cost to repair damage during unloading: $654. 5. Routine maintenance cost after six months: $230. Basket Purchase of Copier, Computer and Scanner for $49,100 with Fair Market Values 1. Copler, $24,864 2. Computer, $6,512 3. Scanner, $27,824 Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $83,800. 2. Demolition of building, $5.010. 3. Lumber sold from old building, $2,180. 4. Grading in preparation for new building, $9,200 Construction of New Building 1. Construction of new building, $288,000 Asset Capitalized Cost Building

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