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Trinkle Company, Incorporated made several purchases of long-term assets in Year 1. The details of each pur here. New Office Equipment 1. List price: $43,700;
Trinkle Company, Incorporated made several purchases of long-term assets in Year 1. The details of each pur here. New Office Equipment 1. List price: $43,700; terms: 2/10n/30; paid within discount period. 2. Transportation-in: $890. 3. Installation: $500. 4. Cost to repair damage during unloading: $435. 5. Routine maintenance cost after six months: $270. Basket Purchase of Copier, Computer, and Scanner for $53,100 with Fair Market Values 1. Copier, $27,520. 2. Computer, $12,800. 3. Scanner, $23,680. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,800. 2. Demolition of building, $5,440. 3. Lumber sold from old building, $1,140. 4. Grading in preparation for new building, $6,200 Construction of New Building 1. Construction of new building, $251,000 Required In case of office equipment, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitalized in the asset accounts. In case of land, determine the amount of cost to be capitalized in the asset accounts. In case of new building, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitalized in the asset accounts. In case of land, determine the amount of cost to be capitalized in the asset accounts. In case of new building, determine the amount of cost to be capitalized in the asset accounts
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