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Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price:

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Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $44,200; terms: 2/10,n/30; paid within the discount period. 2. Transportation-in: $730. 3. Installation: $410. 4. Cost to repair damage during unloading: $476. 5. Routine maintenance cost after eight months: $270. Basket Purchase of Copier, Computer, and Scanner for $48,500 with Fair Market Values 1. Copier, $23,360. 2. Computer, $7,008. 3. Scanner, $28,032. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $82,800. 2. Demolition of building, $4,520. 3. Lumber sold from old building. $2,990. 4. Grading in preparation for new building, $6,100. 5. Construction of new building, $280,000. Required Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Asset } & Allocated Costs & Total \\ \hline Office equipment & & \\ \hline Basket purchase: & & \\ \hline Copier & & \\ \hline Computer & & \\ \hline Scanner & & \\ \hline Total cost to be capitalized & & $ \\ \hline Land and building: & & \\ \hline Cost of land & & \\ \hline Construction costs & & \\ \hline Total cost to be capitalized & 280,000 & \\ \hline \end{tabular}

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