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Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented mere New Office Equipment 1. List price: $40,000:
Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented mere New Office Equipment 1. List price: $40,000: terms: 2/10, 1/30:paid within the discount period. 2. Transportation-inc $840. 3. Insta ation: $480 4. Cost to repair damage during unloading: $456. 5. Routine maintenance cost after eight months: $150. Basket Purchase of copier, Computer, and Scanner for $47,700 with Fair Market Values 1. Copler, $23.575 2. Computer, $9.200. 3. Scanner, $24.725. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $80.400. 2. Demolition of building. $4.640. 3. Lumber sold from old building. $2,500. 4. Grading in preparation for new building, $3,800. 5. Construction of new building. $259,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Office equipment Asset Allocated Costs Office equipment Basket purchase: Allocated Asset Costs Copier Computer Scanner Total $ 0 Land and building: Allocated Asset Costs Cost of land Construction costs Total costs
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