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Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are preser New Office Equipment 1. List price: $41,800;
Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are preser New Office Equipment 1. List price: $41,800; terms: 2/10,n/30; paid within the discount period. 2. Transportation-in: $810. 3. Installation: $480. 4. Cost to repair damage during unloading: $410. 5. Routine maintenance cost after eight months: $130. Basket Purchase of Copier, Computer, and Scanner for $50,400 with Fair Market Values 1. Copier, $27,315. 2. Computer, $9,105. 3. Scanner, $24,280. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,900. 2. Demolition of building, $4,530. 3. Lumber sold from old building, $1,280. 4. Grading in preparation for new building, $9,000. 5. Construction of new building, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,900. 2. Demolition of building, $4,530. 3. Lumber sold from old building, $1,280. 4. Grading in preparation for new building, $9,000. 5. Construction of new building, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts
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